Los Angeles Lakers, Buss Family
June 2025
The Buss family has agreed to sell majority ownership of the Lakers to Mark Walter for a record $10 billion franchise valuation, the highest ever for a U.S. sports team.
The family will retain a minority stake (just over 15%), and Jeanie Buss will remain team governor “for at least a number of years.” Walter, already a Lakers shareholder since 2021, leads TWG Global and owns major stakes in the Dodgers, Chelsea FC, and more. Magic Johnson and Luka Dončić were informed and support the move.