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LA Lakers before record sale: Billion dollar deal for new era!
The Los Angeles Lakers are facing a historic sale to Mark Walter for $10 billion, the largest deal in US sports.
LA Lakers before record sale: Billion dollar deal for new era!
The Los Angeles Lakers are about to undergo a remarkable change of ownership, setting new standards in the world of professional sports. Loud Radio Herford Mark Walter will acquire the majority of shares from the Buss family for a whopping ten billion US dollars (approx. 8.7 billion euros). This would be the largest transaction ever for a sports team in the United States.
The sale marks a profound change as the Buss family, which has owned the Lakers since 1979 and won eleven NBA championships during that time, is giving up majority control for the first time. However, Jeanie Buss, who has assumed the role of president since the death of her father Jerry Buss in 2013, remains at the helm of the team. The Buss family also retains a minority share of 15 percent.
Who is Mark Walter?
Mark Walter is an influential figure in the sports world, not only being the CEO of global financial services firm Guggenheim Partners, but also owning the Los Angeles Dodgers. Back in 2012, Walter acquired the Dodgers for $2.15 billion, a record at the time, and led the team to two more world championship titles in 2020 and 2024. He wasn't entirely new to the game when he acquired the Lakers either, as he has held a minority stake of 20 percent in the basketball team since 2021, as Yahoo Sports reported.
Magic Johnson, a Lakers living legend, has spoken positively about the impending sale, emphasizing Walter's competitive spirit and commitment. Walter is also active in other sports organizations, including the WNBA and Formula 1, where he is part owner of the new Cadillac F1 team, which will debut in 2024.
A new record
Selling the Lakers for $10 billion would represent a huge jump from the previous record. In March 2025, the Boston Celtics were sold for just under $6.1 billion Spox reported. The immense sum shows not only the popularity of the team, which hosts stars such as LeBron James and Luka Doncic, but also the great interest in sports investments in the USA.
In summary, this upcoming ownership change could revolutionize not just the Lakers, but all of professional sports. Fans can be excited to see what the new course will look like under Mark Walter and what new heights the Lakers could reach under his leadership.