The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the team at $10 billion – a new record for NBA valuations. As part of the deal, Jeanie Buss will retain a minority stake in the team she has owned since her dad, Jerry Buss, purchased the franchise in 1979 for $67.5 million. She will also retain her governor seat. Walter is not new to sports ownership. He is also the majority owner of the Los Angeles Dodgers, and the WNBA’s Sparks to name a few!
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
