US EditionAfter a Whopping Sale, the Los Angeles Lakers Will No Longer Be the Buss Family Business
- In June 2025, the Buss family reached an agreement to transfer controlling interest in the Los Angeles Lakers to Mark Walter for around $10 billion, concluding nearly five decades of their stewardship.
- This sale follows Dr. Jerry Buss purchasing the Lakers in 1979 for $67.5 million and building a historically successful franchise with 11 NBA titles and 17 Finals appearances.
- Under Buss family leadership, the Lakers featured legendary players like Magic Johnson, Kobe Bryant, Shaquille O'Neal, and recent stars such as LeBron James, winning multiple championships including streaks in the 1980s and early 2000s.
- Jeanie Buss emphasized obligations to partners including banks, sponsors, and fans, while Magic Johnson noted she would only sell to someone trustworthy who respects the Buss legacy.
- The sale implies a major shift in Lakers ownership era, with Walter, known for stewardship of the Dodgers, set to lead the team forward while Jeanie Buss remains the team's governor during transition.
49 Articles
49 Articles
'The Lakers can finally be run like a real business': Leaguewide reaction to the stunning sale
The Lakers have spent decades lagging behind other NBA teams in ways known -- and not. This sale presents a massive opportunity for them to catch up -- and expedite their chase for title No. 18.
After a whopping sale, LA Lakers will no longer be Buss family business
The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world…
Jeanie Buss Reportedly Will Run Lakers For 'a Number of Years' After Mark Walter Sale
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