18.06.2025 22:37
The Buss family, long-time owners of the Los Angeles Lakers, have reached an agreement to divest a controlling interest in the iconic NBA franchise. This landmark transaction, valued at a staggering $10 billion, establishes a new benchmark for NBA team valuations. The deal, details of which were confirmed by individuals familiar with the terms, signifies a significant shift in the team's ownership structure.
This momentous sale sees businessman Mark Walter, a Guggenheim Partners CEO and co-founder, acquiring a majority stake. Notably, Walter's involvement with the Lakers isn't entirely new; he's held a smaller ownership interest since 2021. A statement released by Walter's representative to CNBC confirmed the substantial acquisition, highlighting his increased investment in the legendary basketball team. The Lakers organization itself has yet to publicly comment on the transaction.
Despite the substantial sale, Jeanie Buss, who has helmed the Lakers since her family's acquisition in 1979 for a mere $67.5 million, will retain a minority ownership share. Importantly, she will also continue to serve as the team's governor, ensuring continuity in leadership. This move preserves her legacy and ongoing involvement in the franchise's future.
Walter's extensive sports portfolio significantly expands beyond the Lakers. He already holds majority ownership of the Los Angeles Dodgers (MLB), the Los Angeles Sparks (WNBA), and the upcoming Cadillac Formula 1 team, demonstrating a clear commitment to high-profile sports investments. His ownership also extends to the Professional Women's Hockey League, solidifying his position as a major player in the world of professional sports.
The record-breaking valuation reflects the NBA's explosive growth, particularly fueled by the recent $77 billion, 11-year media rights deal. This unprecedented agreement significantly boosted team values, as evidenced by the previous record-setting sale of the Boston Celtics for $6.1 billion in March. The Crypto.com Arena, home of the Lakers, remains under separate ownership by AEG and is not part of this transaction. Information on this transaction comes from internet sources.
