Who is the new owner of the Los Angeles Lakers?

Mark Walter, the CEO of Guggenheim Partners and owner of the Los Angeles Dodgers, has acquired control of the Lakers in a record $10 billion deal.

What is the significance of the Lakers' ownership transition?

The sale of the Lakers to Mark Walter marks the end of the Buss family's nearly 50-year control of the storied NBA franchise, signaling a new era of corporate ownership for one of basketball's most successful teams.

Home / Sports / Lakers Ownership Shifts to Billionaire Dodgers Owner in Historic $10B Deal

Lakers Ownership Shifts to Billionaire Dodgers Owner in Historic $10B Deal

Q: How long will Jeanie Buss remain involved with the Lakers?

Jeanie Buss, the team's governor and controlling owner since 2017, will remain in that role for at least the next 5 years and retain a 15% stake in the franchise.

30 Oct

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Summary

NBA approves $10B sale of Lakers to Dodgers owner Mark Walter
Jeanie Buss to remain team governor for 5+ years, retain 15% stake
Ends nearly 50-year Buss family control of Lakers franchise

Lakers Ownership Shifts to Billionaire Dodgers Owner in Historic $10B Deal

In a historic move, the NBA Board of Governors has approved the sale of the Los Angeles Lakers to billionaire Mark Walter, the CEO of Guggenheim Partners and owner of the Los Angeles Dodgers. The record-breaking $10 billion deal, the highest valuation ever for an American sports franchise, marks the end of the Buss family's nearly five-decade control of the Lakers.

Jeanie Buss, who has served as the team's governor and controlling owner since 2017, will remain in that role for at least the next 5 years and retain a 15% stake in the franchise. Walter, who previously held a 27% minority stake in the Lakers, has now taken full control of one of basketball's most storied franchises.

The transition to corporate ownership under one of the wealthiest figures in American sports signals a new era for the Lakers. The team, which has won 17 NBA championships, will now be led by Walter as it looks to recapture past glory and cement its status as a Los Angeles sports powerhouse alongside the Dodgers.

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