Jun 19, 2025 10:38 AM IST Mark Walter, proprietor of the LA Dodgers and in addition an investor in Chelsea FC and Cadillac F1, has purchased the Los Angeles Lakers from the Buss household for $10 billion. In the most costly transaction in American sports activities historical past, the Los Angeles Lakers have been bought by Los Angeles Dodgers proprietor Mark Walter, for a deal value roughly 10 billion US {dollars}. The Lakers have been offered by the Buss household, who’ve held the controlling stake within the 17-time NBA champions for 46 years since 1979. Mark Walter provides a jewel to his crown because the king of Los Angeles sports activities, buying Los Angeles Lakers so as to add to a roster that already consists of the MLB’s Dodgers and the WNBA’s Sparks. As per ESPN, the Buss household have agreed to promote their majority stake within the Lakers to Walter’s holding firm TWG Global. Walter already possessed a 20% stake within the Lakers, having purchased a good portion of former stakeholder Philip Anschutz’s share in 2021. The CEO of funding agency Guggenheim Partners now owns vital parts of management in most of Los Angeles’ sports activities market, having been proprietor of the Los Angeles Dodgers in Major League Baseball since 2012. Since his possession of the Dodgers, Walter has resuscitated the franchise, serving to them to a number of World Series appearances in addition to two titles, in 2020 and 2024. Walter additionally owns the Los Angeles Sparks within the WNBA, who gained the 2016 and 2017 titles below his stewardship. Beyond the American sports activities sphere, Walter was additionally an investor alongside Todd Boehly when the latter bought Chelsea FC within the English Premier League, and owns just below 13% of the soccer membership for the reason that crew was offered by Roman Abramovic in 2022. Walter can be the proprietor of the Cadillac F1 crew, which is able to enter the very best stage of the game in 2026. Jeanie Buss to remain on as governor of LakersThe Buss household is ready to retain roughly 15% of an possession stake within the Lakers, with present crew governor Jeanie Buss additionally prone to stay in that place for the foreseeable future. The Lakers have been purchased by Jerry Buss in 1979 for 67.5 million {dollars}, and underwent essentially the most profitable spell in franchise historical past, together with the ‘Showtime Lakers’ of Magic Johnson and Kareem Abdul-Jabbar, in addition to the enduring Shaq-and-Kobe groups of the early 2000s. Jeanie Buss took over possession of the crew in 2013 after her father’s passing, and is predicted to stay closely concerned in day-to-day duties on the franchise regardless of the sale of the bulk possession to Walter and TWG Global. The 10-billion-dollar sale units a brand new mark in American sports activities franchise valuation, with the Lakers outdoing their harsh rivals Boston Celtics, who have been offered for a reported 6 billion US {dollars} earlier this yr. As arguably essentially the most recognisable franchise within the NBA, they be part of Walter’s umbrella of sports activities franchises, and shall be hoping for the same increase as skilled by their cross-town contemporaries within the MLB and the WNBA.
