US EditionMark Walter finalizes his purchase of a majority stake in the Los Angeles Lakers
Mark Walter’s acquisition values the Lakers at a record $10 billion, with the Buss family retaining a minority stake and Jeanie Buss continuing as team governor.
- The Los Angeles Lakers, an iconic NBA franchise, were sold to Dodgers owner Mark Walter for a record $10 billion, the highest valuation for an American sports team.
- Jeanie Buss will remain Governor of the Lakers and oversee day-to-day operations for at least five years, while Walter, a minority owner since 2021, gains controlling interest.
- The Lakers have won 17 NBA championships, including 11 since the Buss family acquired the team in 1979, attracting top players like Magic Johnson, Kobe Bryant, and LeBron James.
85 Articles
85 Articles
The NBA approved on Thursday the sale of the Lakers to Mark Walter, who already owned shares in the franchise.
Los Angeles., NBA team owners approved the record sale of Los Angeles Lakers by the Buss family to U.S. businessman Mark Walter, CEO of the TWG Global consortium, owner of both baseball and basketball sports clubs, as well as Formula 1 racing.
Last summer, it was reported that the sale of the NBA giant would set new records. Overnight, it became a fact. Los Angeles Lakers are being sold for almost 100
The Los Angeles Lakers basketball club is officially in the hands of billionaire Mark Walter.
NBA approves Los Angeles Lakers ownership sale
The NBA’s board of governors has formally approved the sale of the Los Angeles Lakers to billionaire Mark Walter, the league said Thursday. The NBA said the final completion of the deal, which will see Walter take a majority interest in the Lakers from Jeanie Buss, is expected “shortly”. READ: Lakers sale: Breaking down Buss family’s decision to sell NBA team “As Mark assumes his role as majority owner of the Lakers, I have no doubt that he will…
Walter becomes the majority owner and the Buss family retains a stake; part of the deal is that Jeannie will be the governor for 5 years
Coverage Details
Bias Distribution
- 48% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
