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