Lakers Majority Stake Sold at Record $10 Billion Valuation

Los Angeles — The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to billionaire Mark Walter, valuing the franchise at an unprecedented $10 billion, sources close to the matter confirmed Wednesday.

Jeanie Buss, who has led the team since 2013, will retain a minority stake and continue as team governor. The sale marks the highest valuation ever recorded for an NBA franchise, eclipsing the Boston Celtics' $6.1 billion sale earlier this year.

Walter, co-founder and CEO of Guggenheim Partners, has been a minority stakeholder in the Lakers since 2021. He also owns the Los Angeles Dodgers, the WNBA’s Sparks, and Cadillac’s upcoming Formula 1 team.

“The agreement allows Mark Walter to acquire additional interest in the Lakers,” a representative confirmed. The Lakers organization has not issued an official comment.

The Lakers, purchased by Dr. Jerry Buss in 1979 for $67.5 million, have claimed 11 championships under the family’s ownership. Magic Johnson, a Lakers legend and Walter’s business partner, praised the deal, calling Walter “the best choice” to carry the Lakers legacy forward.

The Crypto.com Arena, owned separately by AEG, is not part of the transaction.

NBA franchise values have soared in recent years, driven by a $77 billion media rights deal and expanding global interest. This sale sets a new benchmark for elite sports ownership.