Lakers sold for $10 billion

The Los Angeles Lakers are one of the most prestigious sports franchises not only in North America, but in the world.

The NBA outfit now has a brand-new owner, as the Buss family has sold its majority stake to Mark Walter, a powerful businessman, for the sum of $10 billion (US). This is a record sale for an American organization in the history of sport, while the Lakers’ value was initially set at $7.1 billion (US) by Forbes, in 2024.

Buss family selling Lakers to Dodgers owner Mark Walter for $10 billion valuation https://t.co/s1WS5HbNvh

— USA TODAY (@USATODAY) June 18, 2025

To give you an idea, the Boston Celtics were bought for 6.1 billion dollars (US) last March, the same team that previously held the record in question.

The Lakers now have the LARGEST sale of a professional sports franchise in the world pic.twitter.com/I871mq03On

— Yahoo Sports (@YahooSports) June 18, 2025

Mark Walter is CEO and founder of TWG Global, as well as being a shareholder of the Los Angeles Dodgers in MLB. He is also reportedly interested in acquiring the Los Angeles Sparks (WNBA), a professional women’s basketball team.

Lakers legend Magic Johnson, a member of Mark Walter’s group of investors that once acquired the Dodgers, said he was delighted with the decision. They know each other well.

As for Jeanie Buss, leader of the Buss family, she will remain the Lakers’ governor, but only for a short time, to ensure the transition.

The Buss family had owned the Lakers since 1979.

The Buss family purchased the Lakers in 1979 for $67.5M and sold the franchise for $10B 46 years later, per @ShamsCharania pic.twitter.com/6RWetixZVh

— Bleacher Report (@BleacherReport) June 18, 2025

A new era is beginning in the California basketball landscape, so fans should be excited!