Ownership of the Los Angeles Lakers is about to undergo a significant shift.
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ESPN’s Shams Charania disclosed on Wednesday that Jeanie Buss, whose family has controlled the Lakers since 1979, plans to transfer her family’s controlling interest in the team to Mark Walter, who currently holds a minority share. Walter, the CEO of TWG Global, is also involved with multiple sports entities, including the Los Angeles Dodgers, the Los Angeles Sparks, and the upcoming Cadillac Formula 1 team.
This transaction would put the Lakers’ valuation at $10 billion, making it the most expensive team sale in sports history.
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The announcement left NBA fans and media members astonished, both by the decision of the Buss family to relinquish their majority stake and by the staggering sale price they received in return.
This is a big deal. https://t.co/TgSAto9i4A
— JosinaAnderson (@JosinaAnderson) June 18, 2025
Massive sports world-shaking news. The Lakers sale will easily be a record breaking transaction. https://t.co/026ngyeWr4
— Jonathan Jones (@jjones9) June 18, 2025
HOW MUCH? https://t.co/AofVuHAIXl pic.twitter.com/lGrO7HE6GU
— Carl Anka (@Ankaman616) June 18, 2025
TEN BILLY?!?!? https://t.co/Pa7PNpC0ia pic.twitter.com/gQZQ0iQ4Ya
— claire de lune (@ClaireMPLS) June 18, 2025
$10 BILLION, $10 BILLION, $10 BILLION DOLLARS!!!!! https://t.co/35d9WTsdwr
— Kevin Gray Jr. (@KevinGraySports) June 18, 2025
The Lakers’ future promises to be thrilling and certainly costly.
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