The Buss family has agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, Chief Executive Officer of Guggenheim Partners and owner of the Los Angeles Dodgers, for approximately $10 billion.
According to ESPN, it’s the highest ever for a U.S. professional sports franchise.
BREAKING: The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell ESPN. Jeanie Buss will continue to serve in her role as Governor after the sale. pic.twitter.com/1Da6LDD7TJ
— Shams Charania (@ShamsCharania) June 18, 2025
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CBS News reports:
Current owner Jeanie Buss will retain the title of governor, meaning she’ll continue to represent the team in league
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