The sale of the Lakers smashes the previous highest figure paid for a US sports team, the USD 6.1 billion paid for the Boston Celtics earlier this year.
More recently, Los Angeles Lakers recruited superstar LeBron James, who led the Lakers to a 17th championship in 2020, | Photo Credit: AP
In a landmark shift in American sports, the Los Angeles Lakers has been sold to billionaire Mark Walter for a record-breaking $10 billion, ending the Buss family’s 46-year control of the NBA giant. Here’s everything you need to know about the blockbuster deal:
Who sold the team?
The Buss family, which has controlled the Lakers since 1979. Jeanie Buss will stay on as the team’s governor, but control shifts to Walter.
Why is this deal historic?
The $10 billion price tag makes the Lakers the most valuable sports team in U.S. history, surpassing recent record sales like the Boston Celtics ($6.1B) and Washington Commanders ($6.05B).
What does this mean for the Lakers brand?
Lakers legend Magic Johnson praised Walter as a “winner” and “the best caretaker” for the franchise. His track record with the Dodgers — including a World Series win and blockbuster signings like Shohei Ohtani — has fans hopeful.
When did Walter get involved with the Lakers?
He bought a minority stake in 2021 with a first-refusal clause in case of a future sale — which he’s now exercised.
What is TWG Global?
A sports-focused holding company that owns stakes across baseball, basketball, football (soccer), tennis, and Formula One.
Why did the Buss family sell now?
While no official reason has been given, industry watchers suggest the record valuation and Walter’s existing involvement made it a strategic time to hand over control.
What’s the legacy of the Buss era?
Eleven NBA titles. From the Magic Johnson-led “Showtime” Lakers to the Kobe–Shaq dynasty and LeBron James’ 2020 title, the Buss family helped define modern basketball culture.
