The Los Angeles Lakers are on the verge of a landmark ownership change, with a majority stake in the iconic NBA franchise being sold in what is expected to become the most expensive transaction in U.S. sports history.
The team, owned by the Buss family since 1979, is being sold to billionaire investor Mark Walter, a move that will significantly reshape the Lakers’ leadership structure. The reported value of the deal stands at around $10 billion, though that figure could rise once finalized.
Walter, who currently holds a 20% stake in the franchise, is increasing his share to gain majority control. He is well known in the sports world, with ownership ties to the Los Angeles Dodgers, English football club Chelsea, and the Cadillac Formula 1 Team, which is set to debut in 2026.
This transaction follows several high-profile sports franchise sales, including recent record deals involving the Boston Celtics and Washington Commanders. However, the Lakers’ sale is set to eclipse them all by a wide margin, reflecting the team’s global appeal and historic success.
Originally purchased in 1979 as part of a $67.5 million package that included a hockey team and an arena, the Lakers have flourished under the Buss family, securing 11 NBA titles and appearing in 17 Finals.
Following the death of longtime owner Jerry Buss in 2013, control passed to his six children via a family trust, which collectively owns 66% of the team. Jeanie Buss has served as the team’s governor since then and is expected to retain her leadership role under the new ownership arrangement.
The Lakers have remained a playoff contender in recent seasons, led by superstar LeBron James, but have fallen short of championship glory. With new ownership, fans are hopeful the team can return to its dominant ways.
The change marks a significant moment in the Lakers’ legacy, with many within the basketball community confident that the new leadership will continue to uphold the franchise’s winning tradition.
