Fri Oct 24 19:40:00 UTC 2025: Summary:
Businessman Mark Walter is seeking to acquire a controlling interest in the Los Angeles Lakers from the Buss family for $10 billion. The NBA’s Advisory Finance Committee will review his bid, and a vote by the Board of Governors could follow soon after. If approved, the purchase would make Walter the majority owner of the Lakers and add to his impressive portfolio of sports franchises, which includes the Los Angeles Dodgers, Los Angeles Sparks, Billie Jean King Cup, Cadillac Formula 1 team, and the Professional Women’s Hockey League, as well as a stake in Chelsea FC. The deal would be a record-breaker, surpassing previous sales of the Washington Commanders and Boston Celtics. The Buss family will maintain a minority stake, allowing Jeanie Buss to continue as the Lakers’ governor.
News Article:
Mark Walter Poised to Become Lakers’ Majority Owner in Record $10 Billion Deal
Los Angeles, CA – Businessman Mark Walter is on the verge of adding another major sports franchise to his portfolio, with a bid to acquire a controlling interest in the Los Angeles Lakers for a staggering $10 billion. Sources within the NBA have confirmed that Walter is scheduled to present his proposal to the league’s Advisory Finance Committee on Friday.
The committee will scrutinize Walter’s offer to purchase a controlling share of the iconic franchise from the Buss family. Following the review, the committee will make a recommendation to the NBA Board of Governors, who could vote on whether to approve Walter as the new majority owner as soon as the end of next week.
If approved, the $10 billion transaction would shatter previous records in sports franchise sales, dwarfing Josh Harris’ $6.05 billion acquisition of the Washington Commanders and Bill Chisholm’s $6.1 billion purchase of the Boston Celtics earlier this year.
Walter, already a prominent figure in the sports world as the controlling owner of the Los Angeles Dodgers (currently competing in the World Series), the Los Angeles Sparks, the Billie Jean King Cup, the new Cadillac Formula 1 team, and the Professional Women’s Hockey League, as well as a part owner of Chelsea FC, would further solidify his position as a major player with the addition of the Lakers.
His past investment in the Dodgers, acquired for $2.15 billion in 2012, has proven highly successful, with the team now valued at upwards of $7 billion.
While Walter would assume a controlling stake, the Buss family will retain a minority ownership of over 15%, ensuring that Jeanie Buss remains in her role as the Lakers’ governor.
The NBA’s decision is highly anticipated, with a potential vote expected before the end of next week. If approved, Mark Walter would cement his legacy as a titan of sports ownership.
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