2025-06-18T21:11:00Z

---

The Los Angeles Lakers, one of the most storied franchises in NBA history, are set to undergo a significant change in ownership. According to a report from ESPN’s Shams Charania on Wednesday, the Buss family has reached an agreement to sell their majority stake in the team for approximately $10 billion. The buyer, Mark Walter, is a prominent businessman who is already well-known as the primary owner of the Los Angeles Dodgers, further bridging the gap between two of the city’s most beloved sports teams.

This transaction marks a pivotal moment not only for the Lakers franchise but also for the Buss family, which has been synonymous with the team since Jerry Buss purchased it in 1979. Under the Buss family's stewardship, the Lakers have won numerous championships and have cultivated a rich legacy in the world of basketball. Despite this substantial change, Jeanie Buss, the current president and controlling owner of the Lakers, will remain in her role as the franchise’s governor after the sale is finalized. Her continued involvement is expected to help maintain the team’s culture and competitive edge.

Mark Walter's acquisition of the Lakers adds another layer to his impressive portfolio of sports franchises. Known for his strategic business acumen, Walter has successfully led the Dodgers through a remarkable turnaround in the MLB, making them a perennial contender. This synergy between the two franchises could potentially benefit both teams, given Walter’s understanding of the Los Angeles sports market.

As the news continues to unfold, many fans and analysts alike are speculating on the implications of this ownership change. Will Walter's leadership style bring a new vision for the Lakers? How will Jeanie Buss's role evolve in this new arrangement? These questions highlight the excitement and uncertainty surrounding this historic sale.

This is a developing story, and further updates are expected as more details emerge regarding the agreement and its potential impact on the franchise.