The Buss family has agreed to sell a majority stake in the Los Angeles Lakers, valuing the franchise at $10 billion. The buyer is Mark Walter, CEO and chairman of TWG Global, who is also the controlling owner of the Los Angeles Dodgers.
Despite selling the majority of the team, Jeanie Buss will remain in her role as Governor of the Lakers, continuing to represent the franchise at the league level and within organizational leadership.
Walter’s purchase fulfills a first-right-of-refusal agreement he acquired in 2021 when he bought the 26 percent stake in the team previously held by Phil Anschutz.
The Lakers have been under Buss family ownership since 1979, when Dr. Jerry Buss bought the team, along with the Los Angeles Kings and The Forum, for $67.5 million.
Since Dr. Buss’ passing in 2013, Jeanie Buss has led the franchise, while other family members have taken on various front-office and operational roles.
Jesse Buss currently serves as assistant general manager and director of scouting, while Joey Buss manages the Lakers’ G League affiliate.
Previously, Jim Buss served as vice president of basketball operations.
This sale marks another high-profile ownership shift in the NBA. The Boston Celtics recently sold at a $6.1 billion valuation, and the Dallas Mavericks changed hands for $3.5 billion in late 2023.
Like the Celtics and Mavericks, the Lakers do not own their arena, which continues to be managed by outside operators.
The Lakers recently extended the contract of president of basketball operations Rob Pelinka and hired former NBA player JJ Redick as head coach, signaling continuity in basketball leadership even amid this major ownership transition.
Buss Family Agree To Sell Majority Stake In Lakers To Mark Walter; Jeanie Buss To Remain Governor https://t.co/sOvYw8xaxN
— RealGM (@RealGM) June 18, 2025
