Lakers Sold to Mark Walter for $10 Billion; Jeanie Buss to Remain in Charge

Los Angeles, CA – June 27, 2025 – The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to Mark Walter, CEO of TWG Global and owner of the Los Angeles Dodgers, for a record $10 billion valuation, sources confirmed this week. Walter, who has held a minority interest in the Lakers for years, now assumes controlling ownership of the iconic NBA franchise.[](https://www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say)[](https://www.cbsnews.com/losangeles/news/los-angeles-lakers-sale-buss-family-mark-walter/)

Jeanie Buss, whose family has controlled the Lakers for 46 years, will stay on as governor and continue overseeing daily operations for the foreseeable future. The sale, expected to close later this year, marks a historic shift for the team, though Buss's continued leadership ensures operational continuity.[](https://www.latimes.com/sports/story/2025-06-25/mark-walter-lakers-sale-expected-later-this-year)[](https://www.businesswire.com/news/home/20250625497469/en/Mark-Walter-Acquires-Majority-Stake-in-the-Los-Angeles-Lakers)

Walter's acquisition adds the Lakers to his portfolio of local sports teams, including the Dodgers. The deal has sparked discussion among fans, with many expressing mixed feelings about the end of the Buss family's majority ownership but optimism about Walter's proven track record in sports management.

The sale reflects the skyrocketing value of NBA franchises, with the Lakers' $10 billion price tag setting a new benchmark for the league.[](https://www.sportsbusinessjournal.com/sb-blogs/sb-blogs/2025/06/27/)