DEVELOPING: $10 Billion BOMBSHELL Deal!

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HAPPENING NOW

In a landmark development that echoes the colossal dynamics of the sports industry, the Los Angeles Lakers are on the brink of a record-setting $10 billion deal.

See the tweet below this post.

The Buss family is selling its majority stake to billionaire Mark Walter for a staggering $10 billion, dwarfing previous sales of sports franchises.

The Buss family has agreed to sell their controlling interest in the storied Los Angeles Lakers to businessman Mark Walter for $10 billion.

The transaction shatters previous records, far exceeding the Boston Celtics’ recent sale for $6.1 billion in March.

Walter, already a major player in the sports ownership landscape, adds the Lakers to his impressive portfolio.

As CEO and chairman of TWG Global and the primary owner of the Los Angeles Dodgers, Walter has established himself as a dominant force in the world of professional sports.

His holdings also include stakes in Chelsea FC, an F1 team, and the WNBA’s Los Angeles Sparks.

The deal represents an extraordinary return on investment for the Buss family. Jerry Buss originally purchased the Lakers in 1979 for just $67.5 million.

Under the family’s 46-year stewardship, the team captured 11 NBA championships, including their most recent title in 2020, cementing their legacy as one of sports’ most successful dynasties.

The transaction does not entirely end the Buss family’s involvement with the franchise. Jeanie Buss will continue as the team’s governor, and the family will retain a minority ownership stake of approximately 15%.

Lakers Hall of Fame point guard Magic Johnson, who has played, coached, and served as president under the Buss family, congratulated both sides on the agreement:

“Laker fans should be estatic, A few things I can tell you about Mark – he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike.”

Walter’s track record with the Dodgers suggests Lakers fans can expect an ownership regime willing to invest heavily in talent.

With Walter’s leadership, the Dodgers have maintained one of MLB’s highest payrolls while securing two World Series championships and 11 NL West division titles in the past 12 years.

At the same time, the sale coincides with the NBA’s skyrocketing franchise values, fueled by a new media rights agreement worth $77 billion over 11 years.

The Lakers were valued at approximately $7 billion earlier this year, making them the third-most valuable NBA franchise before this record-shattering deal.

“Job well done to my sister Jeanie Buss for striking an incredible deal and picking the right person to carry on the Lakers legacy and tradition of winning. Mark Walter is the best choice and will be the best caretaker of the Laker brand,” Johnson added.

The Lakers have positioned themselves for continued success on the court, having acquired Luka Doncic in February to pair with LeBron James.

The team finished the 2025 season as the Western Conference’s third seed with a 50-32 record, giving Walter a competitive foundation upon which to build.

Walter’s interest in the Lakers was not sudden. He initially purchased a 26% stake in 2021, which included the first right of refusal for the Buss family’s 66% share.

This strategic positioning allowed him to secure the landmark deal when the opportunity arose, demonstrating the calculated approach that has made him successful in both business and sports ownership.

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