It’s the end of an era—and possibly the start of a new dynasty.
The legendary Los Angeles Lakers are reportedly about to be sold in a massive deal that could shake up the sports world.
According to ESPN’s Shams Charania, the team’s majority ownership is being sold for an eye-popping $10 billion, marking what could be the largest sale in sports franchise history.
Meet the New Potential Owner
The man reportedly stepping in is Mark Walter, the CEO and chairman of TWG Global—a diversified holding company with a growing interest in the sports world.
If the deal goes through, Walter would become the majority owner of one of the NBA’s most iconic franchises.
Walter isn’t new to the Lakers. In fact, he’s already part of the ownership group and has held a minority stake since 2021.
That initial deal gave him first right of refusal should the Buss family ever decide to sell. It looks like that time has come.
A Family Legacy Coming to a Turning Point
The Lakers have been under Buss family control for over four decades.
The late Jerry Buss originally purchased the franchise from Jack Kent Cooke in 1979 for $67.5 million—a deal that also included the LA Kings and the Forum arena.
After Jerry’s passing in 2013, control of the Lakers was handed down to his children.
Jeanie Buss has served as the team’s governor and president ever since, becoming the face of the family’s leadership.
The good news for longtime Lakers fans: Jeanie is expected to stay on in her current role even after the deal is finalized.
Walter’s Expanding Sports Empire
Mark Walter is no stranger to big-league sports.
He already owns stakes in the Los Angeles Dodgers, WNBA’s LA Sparks, and even the new Cadillac Formula 1 team.
The Lakers Legacy
The Lakers aren’t just another team—they’re a basketball institution.
With 17 NBA championships under their belt (tied for most all-time with the Boston Celtics), they’ve been home to legends like Magic Johnson, Kobe Bryant, Shaquille O’Neal, and LeBron James, who is still part of the current roster.
Their purple and gold brand is recognized worldwide, and their legacy continues to evolve—especially now with this high-profile ownership change.