In a landmark transaction that underscores the soaring valuations of sports franchises, the Los Angeles Lakers are poised to sell a majority stake to billionaire financier Mark Walter. This deal, estimated at $10 billion, is set to become the most expensive sale of a U.S. sports team in history. The Buss family, who have owned the Lakers since 1979, have reached an agreement with Walter, who already holds a 20% stake in the team and is the controlling owner of the Los Angeles Dodgers.

Key Details of the Deal

• Valuation: The Lakers are valued at least $10 billion, surpassing previous records set by the Boston Celtics and Washington Commanders.
• Ownership Transition: The Buss family will transfer their 66% stake to Walter, while Jeanie Buss will retain her role as the team's governor.
• Legacy Continuation: Lakers legend Magic Johnson expressed confidence that Walter will uphold the team's storied legacy, citing his success with the Dodgers.

Impact on the Lakers

Under the Buss family, the Lakers have become one of the most successful franchises in NBA history, winning 11 championships and making 17 NBA Finals appearances. The team, currently led by LeBron James, has remained competitive in recent years, though they have faced early playoff exits in the last three seasons.

Walter’s Sports Portfolio

Mark Walter’s investment portfolio extends beyond the Lakers and Dodgers. He is also involved with Chelsea Football Club and the Cadillac Formula 1 Team, set to debut in 2026. His global sports investments highlight his commitment to building winning organizations.

Future Prospects

With Walter’s acquisition, the Lakers are expected to continue their pursuit of championship glory. Fans and analysts alike are optimistic that his leadership will bring stability and success to the franchise.

Reactions

Magic Johnson praised the deal on social media, stating, "Mark will do right by the Lakers team, organization, and fans!" He also commended Jeanie Buss for her stewardship of the team.

This historic deal not only marks a new chapter for the Lakers but also sets a benchmark for future sports franchise transactions.