Buss family sells majority stake in Lakers for $10 billion to businessman Mark Walter

From CNBC: 2025-06-18 18:51:00

The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter for $10 billion, a new NBA record. Jeanie Buss will retain a minority stake and her governor seat. Walter, owner of MLB’s Dodgers, WNBA’s Sparks, and more, praised by Magic Johnson. NBA valuations have surged since a $77 billion media rights agreement. In March, the Boston Celtics sold for $6.1 billion to Bill Chisholm. Lakers acquired Luka Doncic in February and finished as the No. 3 seed in the Western Conference with a 50-32 record. Lakers have won 11 NBA titles since 1979.



Read more at CNBC: Lakers owners Buss family sell majority stake at $10 billion valuation