In a historic move reshaping the NBA ownership landscape, the Buss family has agreed to sell a majority stake in the Los Angeles Lakers to billionaire businessman Mark Walter, in a deal valuing the iconic franchise at an unprecedented $10 billion. This transaction sets a new benchmark for professional basketball team valuations and signals a significant shift in the future direction of one of the NBA’s most storied franchises.
Record-Breaking NBA Valuation
This sale marks a record-breaking valuation for an NBA team, far surpassing the $6.1 billion paid for the Boston Celtics earlier this year. The Lakers, who have long been among the most valuable and recognizable sports franchises globally, now hold a commanding financial lead, solidifying their position as a premier NBA brand.
While Crypto.com Arena—the Lakers’ home court—remains under the ownership of AEG and is not part of this agreement, the deal encompasses key controlling interests and management rights of the Lakers franchise.
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Mark Walter: The New Powerhouse in L.A. Sports
Mark Walter, co-founder and CEO of Guggenheim Partners, is no stranger to the sports industry. He already owns majority stakes in the Los Angeles Dodgers (MLB), Los Angeles Sparks (WNBA), and the upcoming Cadillac Formula 1 team. His diversified sports portfolio also includes ownership in the Professional Women’s Hockey League.
Having been a minority stakeholder in the Lakers since 2021, Walter’s latest acquisition significantly expands his influence in L.A. sports. His leadership promises a strong financial foundation and future-forward vision for the Lakers.
In an official statement provided to CNBC, a spokesperson for Walter confirmed, “Mark Walter is entering into an agreement to acquire additional interests in the NBA’s Los Angeles Lakers, which he has been a stakeholder since 2021.”
Jeanie Buss Retains Influence
Though the Buss family is relinquishing majority control, Jeanie Buss—who took over as controlling owner in 2013—will retain a minority stake and her role as the team’s governor. Her continued presence ensures that the team’s legacy, culture, and identity remain rooted in decades of leadership and championship tradition.
The Buss family initially purchased the Lakers in 1979 for $67.5 million, a figure that highlights the extraordinary appreciation in the team’s value over the last 45 years.
Praise from Lakers Legend Magic Johnson
The transaction has been met with widespread approval, including from Lakers legend and Hall of Famer Earvin “Magic” Johnson, who expressed his excitement on social media.
“Job well done to my sister Jeanie Buss for striking an incredible deal and picking the right person to carry on the Lakers legacy and tradition of winning,” Johnson said. “Mark Walter is the best choice and will be the best caretaker of the Laker brand.”
Johnson’s endorsement further validates Walter’s reputation as a responsible and visionary sports owner.
NBA’s Booming Media Revenue Fuels Valuations
The dramatic rise in NBA team valuations has been largely driven by the league’s latest media rights agreement, reportedly worth $77 billion over 11 years. This monumental contract, coupled with global expansion efforts, streaming deals, and brand partnerships, has turned the NBA into one of the most lucrative sports leagues in the world.
This growth creates an optimal environment for new investors like Walter, who can leverage the league’s upward momentum.
Lakers on the Court: Talent and Success
On the basketball side, the Lakers remain highly competitive. During the 2025 NBA season, they secured the No. 3 seed in the Western Conference, finishing with a 50-32 record. The franchise made headlines earlier in the year by acquiring superstar Luka Dončić from the Dallas Mavericks, pairing him with LeBron James in a move that generated significant buzz across the league.
Since the Buss family’s ownership began, the Lakers have captured 11 NBA championships, the most in the league during that time. The team’s competitive fire, global fan base, and winning tradition make them a desirable asset in any business portfolio.
Frequently Asked Questions
Who bought the majority stake in the Los Angeles Lakers?
Billionaire businessman Mark Walter, co-founder and CEO of Guggenheim Partners, has agreed to purchase a majority stake in the franchise.
What is the total valuation of the Lakers in this deal?
The transaction values the Los Angeles Lakers at $10 billion, a record-high valuation in NBA history.
Will Jeanie Buss still be involved with the team?
Yes, Jeanie Buss will retain a minority ownership stake and continue serving as the team’s governor, maintaining a leadership presence within the organization.
Does the sale include Crypto.com Arena?
No, the Crypto.com Arena is owned by AEG and is not included in this transaction.
Why is this deal significant for the NBA?
It sets a new record for team valuations and reflects the NBA’s booming media revenue and growing global appeal.
What other sports teams does Mark Walter own?
Walter also owns the Los Angeles Dodgers (MLB), Los Angeles Sparks (WNBA), a Formula 1 team, and part of the Professional Women’s Hockey League.
How did the Lakers perform in the 2025 season?
The Lakers ended the 2025 season as the third seed in the Western Conference, with a 50-32 record.
Has Mark Walter previously invested in the Lakers?
Yes, Walter has been a minority stakeholder since 2021, giving him familiarity with the organization before acquiring a controlling interest.
Conclusion
The sale of the Los Angeles Lakers’ majority stake to Mark Walter marks the dawn of a new era in NBA ownership. With a $10 billion valuation, the Lakers not only reaffirm their prestige but also highlight the NBA’s massive commercial growth. Jeanie Buss’s continued involvement ensures the team’s legacy remains intact, while Walter’s proven leadership in sports business sets a promising course for the future.
This deal represents more than just a transaction—it’s a statement about the global power of the Lakers brand, the strength of the NBA, and the evolving landscape of sports ownership. As Los Angeles fans look ahead, one thing remains certain: the Lakers are poised to shine brighter than ever.