In a monumental shift in the world of sports ownership, the Los Angeles Lakers have been sold for a staggering $10 billion. The news, which broke on Wednesday, sent shockwaves through the NBA community and sparked excitement and speculation about what the future holds for the iconic franchise.
One of the most vocal figures in the Lakers community, Magic Johnson, wasted no time in sharing his thoughts on the historic sale. The former Lakers player and part-owner took to social media to express his feelings about the new era that is set to begin under the new ownership.
Magic Johnson’s reaction to the sale of the majority stake in the Lakers ownership was a mix of nostalgia and optimism. In his message to Lakers Nation, he acknowledged the end of an era with the Buss family relinquishing their control of the team but also looked ahead to the potential for growth and success under the new leadership.
The $10 billion sale of the Lakers marks a significant moment in sports history, as it is one of the highest prices ever paid for a sports franchise. The new majority stakeholder, Mark Walter, is the CEO of Guggenheim Partners and brings a wealth of experience in sports ownership, having previously been involved in the ownership of the Los Angeles Dodgers.
With this change in ownership, the Lakers organization is poised to enter a new chapter filled with both challenges and opportunities. The expectations from fans and stakeholders are high, as they eagerly await to see how the new leadership will guide the team towards continued success on and off the court.
As the dust settles on this momentous sale, one thing is clear: the Lakers are embarking on a new journey that will shape the future of the franchise for years to come. Magic Johnson’s reaction serves as a reminder of the rich history and tradition of the Lakers, while also signaling a fresh start and a renewed sense of excitement for what lies ahead.
The $10 billion sale of the Lakers ownership is not just a financial transaction; it represents a changing of the guard and a new chapter in the storied history of one of the most iconic franchises in sports. As the Lakers community comes to terms with this groundbreaking news, all eyes will be on the team as they navigate the challenges and opportunities that lie ahead under the new ownership.
References:
– https://athlonsports.com/nba/los-angeles-lakers/magic-johnson-reacts-to-10-billion-lakers-news
– https://lebronwire.usatoday.com/story/sports/nba/2025/06/18/magic-johnson-reacts-to-sale-of-majority-stake-of-lakers-ownership/84268964007/
