Proprietor Jeanie Buss of the Los Angeles Lakers and Jay Mohr previous to sport certainly one of a primary spherical NBA basketball sport between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Enviornment in Los Angeles on Saturday, April 19, 2025.
Keith Birmingham | MediaNews Group | Pasadena Star-Information | Getty Photos
The Buss household has agreed to promote a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the workforce at $10 billion, based on folks with information of the phrases.
The sale would mark a brand new report for NBA valuations. The Crypto.com Enviornment, the place the Lakers play, is owned by AEG and isn’t included within the deal.
CNBC’s most up-to-date Official NBA Workforce Valuations ranked the Lakers as third within the league by way of worth, at $7 billion.
“Mark Walter is getting into into an settlement to amass extra pursuits within the NBA’s Los Angeles Lakers, which he has been a stakeholder since 2021,” a consultant for Walter stated in a press release to CNBC.
The Lakers didn’t instantly reply to a request for remark.
As a part of the deal, Jeanie Buss will retain a minority stake within the workforce she has owned since her household bought the franchise in 1979 for $67.5 million. She may even retain her governor seat.
Walter is CEO and co-founder of Guggenheim Companions and isn’t new to sports activities possession. He’s additionally the bulk proprietor of MLB’s Los Angeles Dodgers, WNBA’s Sparks and Cadillac’s forthcoming Method 1 workforce. He additionally owns the Skilled Ladies’s Hockey League.
Former Lakers legend Earvin “Magic” Johnson, who can also be a enterprise companion of Walter’s, praised the transaction in a publish on X.
“Job nicely finished to my sister Jeanie Buss for putting an unbelievable deal and selecting the correct particular person to hold on the Lakers legacy and custom of profitable,” Johnson stated. “Mark Walter is the only option and would be the greatest caretaker of the Laker model.”
NBA valuations have skyrocketed for the reason that league accomplished its most up-to-date media rights settlement, valued at $77 billion over 11 years.
In March, the Boston Celtics bought for a then-record of $6.1 billion to personal fairness government Invoice Chisholm.
The Celtics and Lakers are arguably two of probably the most marquee franchises within the NBA.
In February, the Lakers acquired Dallas Mavericks famous person Luka Doncic to workforce up with LeBron James.
The Lakers completed the 2025 season because the No. 3 seed within the Western Convention with a 50-32 report.
The Lakers have received 11 NBA titles for the reason that Buss household took over, probably the most of any NBA franchise throughout that interval.
— CNBC’s Michael Ozanian contributed to this report.
