US EditionDodgers Owner To Purchase Majority Ownership of Los Angeles Lakers: Report
- The Los Angeles Lakers agreed on Wednesday to sell majority ownership to Mark Walter for approximately $10 billion in Los Angeles.
- The sale follows Walter's 2021 purchase of a 27% stake and his right of first refusal, while the Buss family has controlled the team since Jerry Buss bought it in 1979.
- Walter, CEO of Guggenheim Partners and Dodgers chairman, holds stakes in other sports franchises including the Los Angeles Sparks and Chelsea FC, and Jeanie Buss will remain team governor.
- Magic Johnson expressed his strong support for Walter on X, highlighting his commitment to success, high standards, and proper management, and described him as the ideal person to uphold the Lakers brand.
- The transaction sets a record as the largest professional sports team sale in North America, signaling the end of the Buss family's 46-year ownership of the Lakers.
167 Articles
167 Articles
The Buss family sold a majority stake in the Los Angeles Lakers basketball team to businessman Mark Walter for a record $10 billion.
Surprising news comes from Los Angeles. The Buss family has decided to sell a majority stake in the Los Angeles Lakers basketball team, for which Luka Dončić plays. It is said to be a record sum in American sports - $10 billion.
NBA: Buss family to sell Lakers at $10 billion valuation
LOS ANGELES– The Buss family is entering an agreement to sell a majority stake in the Los Angeles Lakers, ESPN reported on Wednesday, marking the end of an era for one of the NBA’s most influential owners. Mark Walter, the CEO and chairman of holding company TWG Global, is set to take the majority ownership under the agreement which values the Lakers at $10 billion, ESPN reported, making it the largest-ever sale of a professional sports team. RE…
LA Daily News
The Press-EnterpriseDodgers expect Mark Walter is ‘going to be impactful’ for Lakers
LOS ANGELES — Miguel Rojas only looked as if he was celebrating the Lakers’ $10 billion sale to Dodgers owner Mark Walter while wearing purple and gold Nike Kobe 5 Protro shoes during batting practice. The truth is that the Dodgers infielder has been wearing them during batting practice all season as if the lifelong Lakers fan had been waiting for this day. “Having the opportunity to know Mark and his company taking over the Lakers and creating …
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