Lakers' Legendary Era Passes Torch in Historic $10 Billion Deal
The storied chapter of the Lakers under the Buss family draws to a close — but the legacy remains firmly in place. On June 18, 2025, it was revealed that the Buss family has agreed to sell their majority ownership of the Los Angeles Lakers to billionaire sports magnate Mark Walter, owner of TWG Global, at a record-setting $10 billion valuation . This transaction establishes a new high watermark in U.S. professional sports franchise sales, dwarfing even the $6.1 billion valuation tied to the pending Boston Celtics acquisition .
Jerry Buss originally acquired the Lakers in 1979 for $67.5 million, and under his leadership—and later that of his daughter Jeanie—the franchise secured a total of 11 NBA championships, with iconic eras led by the likes of Magic Johnson, Kobe Bryant, Shaquille O’Neal, and LeBron James . That era of dominance, entertainment, and global branding established the Lakers as a league-defining powerhouse.
Despite the majority sale, Jeanie Buss will remain governor and retain at least 15% ownership, in compliance with NBA regulations . Sources say she’ll continue to guide the franchise “for at least a number of years,” signaling a continuity in leadership and vision .
Mark Walter, whose portfolio includes the Dodgers, Chelsea FC, Los Angeles Sparks, the PWHL, and Formula 1’s Cadillac team, is deemed a cultural and operational fit by Lakers great Magic Johnson. Johnson lauded Walter’s competitive edge and track record—highlighting two World Series, 11 NL West titles, and a commitment to excellence “behind the scenes” .