In a groundbreaking deal set to redefine franchise valuations across professional sports, billionaire investor Mark Walter has acquired majority ownership of the Los Angeles Lakers in a $10 billion transaction. The sale surpasses the previous U.S. sports record set by the Boston Celtics’ $6.1 billion deal earlier this year, solidifying the Lakers’ status as the most valuable franchise in NBA history.
This shift in ownership brings not only immense financial scale, but also important leadership continuity. Jeanie Buss, who has led the Lakers as governor since 2013 and is the daughter of the late Jerry Buss, will maintain a 15% minority ownership stake. She will continue her leadership role as team governor, ensuring executive consistency during this period of transition.
Walter’s purchase reflects his expanding sports empire. Already at the helm of the Los Angeles Dodgers, the Los Angeles Sparks, minority ownership in Chelsea FC, and a seat in the Cadillac Formula 1 venture, this acquisition cements his influence in global sports. Industry insiders praise the fit — Magic Johnson publicly lauded the deal, calling it a “perfect match” for the Lakers franchise and acknowledging Walter’s championship pedigree.
From $67.5M to $10B: Generations of Growth
When Jerry Buss acquired the Lakers in 1979 for $67.5 million, few could predict the exponential growth that followed. Over 11 NBA championships, global merchandising deals, and media rights expansions, the franchise is now valued at nearly 150 times its original price.
Maintaining Stability amid Change
The deal was structured to preserve operational continuity:
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Jeanie Buss will continue in her capacity as team governor and serve as the Lakers’ official representative in NBA matters
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Under league rules, maintaining this role requires a minimum 15% ownership stake—an exact threshold Buss retains
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Sources confirm Walter agreed to her continued leadership as part of the purchase agreement
Valuation Reflects NBA’s Media Boom
The $10 billion valuation stems not just from legacy, but from revenue streams that now include a staggering $77 billion in media rights across 11 years. With the Lakers occupying a premier slot in that ecosystem, the price reflects strong investment at the intersection of sports, entertainment, and technology.
Looking Ahead: Expectations for the Lakers
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Strategic Investment: Walter is expected to inject resources in analytics, player development, and fan engagement—mirroring his work with the Dodgers.
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Franchise Synergy: With control of multiple top-tier LA teams, Walter has the power to innovate cross-brand strategies.
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Leadership Continuity: Jeanie Buss remains a steadying force, preserving the franchise culture fans and players know well.
