Lakers Reportedly Sold to Mark Walter in $10 Billion Deal

A monumental shift is reportedly on the horizon for the Los Angeles Lakers. According to ESPN sources, the Buss family is poised to relinquish a majority ownership stake in the iconic NBA franchise in a deal valuing the team at a staggering $10 billion. This move could signal the end of an era for the family that has steered the Lakers to unparalleled success and global recognition.

Mark Walter, the influential CEO and chairman of TWG Global, is reportedly the frontrunner to assume majority ownership. Walter already holds a minority stake in the Lakers and boasts a prominent portfolio as primary owner and chair of the Los Angeles Dodgers (MLB) and the Los Angeles Sparks (WNBA). His potential acquisition would consolidate his influence within the Los Angeles sports landscape.

The Lakers organization has yet to officially comment on the reported agreement.

The late Jerry Buss's acquisition of the Lakers in 1979 sparked a golden age for the franchise. His vision transformed the team into a global phenomenon, fueled by the electrifying "Showtime" era and the capture of five NBA championships. The Buss family's leadership cemented the Lakers' status as a premier sports property.

Following Jerry Buss's passing in 2013, his daughter Jeanie Buss stepped into the role of principal owner, becoming one of the most powerful female figures in professional sports. Under her guidance, the Lakers continued to attract superstar talent, most notably LeBron James, culminating in the 2020 NBA championship. Recently, the team made headlines with a high-profile trade for Dallas Mavericks standout Luka Dončić.

Despite the change in ownership, Jeanie Buss is expected to remain involved as the team's governor, ensuring continuity and preserving the family's legacy within the organization.