The sports world is abuzz with the news that the Los Angeles Lakers, one of the most iconic franchises in NBA history, are being sold to Dodgers owner Mark Walter in a record-breaking $10 billion deal. The Buss family, who have owned the Lakers since 1979, are set to sell a majority stake in the team to Walter, marking the end of an era for the influential basketball family.
Mark Walter, the CEO and chair of holding company TWG Global, already has investments in other professional sports teams like the Los Angeles Dodgers and the Los Angeles Sparks of the WNBA. With the acquisition of the Lakers, Walter is set to become the majority owner of one of the most storied franchises in sports history.
The $10 billion valuation of the Lakers sale makes it the highest-valued sports team in US history, further solidifying the team’s status as a global powerhouse in the world of sports. The sale comes at a time when sports franchises are seeing astronomical valuations, driven in part by lucrative media deals and the ever-growing popularity of professional sports.
For the Buss family, the decision to sell the Lakers represents a changing of the guard as the financial demands of running a competitive NBA franchise continue to rise. With the league becoming increasingly driven by big-market teams with deep pockets, the Buss family likely saw an opportunity to secure the long-term success of the Lakers by partnering with a well-established sports owner like Mark Walter.
The sale of the Lakers to Mark Walter is not just a business transaction; it represents a passing of the torch to a new generation of sports ownership. As the Lakers move into this new chapter under Walter’s stewardship, fans will be watching closely to see how the team evolves and competes in the ever-changing landscape of professional sports.
In conclusion, the sale of the Los Angeles Lakers to Dodgers owner Mark Walter for a record-breaking $10 billion is a monumental moment in sports history. The deal not only highlights the incredible value of the Lakers franchise but also signals a significant shift in ownership dynamics within the sports industry. As the Lakers embark on this new journey under Walter’s ownership, the sports world will be eagerly anticipating what the future holds for one of basketball’s most iconic teams.
References:
1. CBS Sports – [https://www.cbssports.com/nba/news/los-angeles-lakers-sale-buss-family-selling-majority-stake-to-dodgers-owner-mark-walter-per-report/]
2. The Guardian – [https://www.theguardian.com/sport/2025/jun/18/lakers-sale-mark-walter-nba-buss-family]
3. Yahoo Sports – [https://sports.yahoo.com/article/lakers-sold-record-breaking-10-222459974.html]
