Mark Walter, the CEO and chairman of the holding firm TWG Global, will purchase a majority share in the Los Angeles Lakers from the Buss family, according to an ESPN article published on Wednesday. For one of the most influential families in the NBA, this is the conclusion of a period. The rumored sale has not been addressed by either Walter or the Lakers.

Jerry Buss bought the Lakers in 1979. After his death in 2013, his children inherited the team. Jeanie Buss, his daughter, became the primary owner. According to ESPN's Shams Charania, she will continue to serve as governor after the sale.

At what price did the majority of the Lakers ownership interest sell to the Buss family?

According to ESPN, the Buss family consented to sell most of its ownership of the Los Angeles Lakers to Mark Walter for around $10 billion.

Why is Jeanie Buss selling?

There are many reasons why the Buss family decided to sell their 66% ownership, which they had retained since Jerry Buss paid $67.5 million for the Lakers in 1979. The franchise's exploding value, which Forbes reports has increased from $7 billion at the beginning of 2025, provides a fantastic exit opportunity, particularly given the surge in NBA team values brought about by worldwide expansion and media agreements.

This economic allure is emphasized by the Lakers' yearly TV and streaming revenue of $400 million, which was renegotiated in 2022. Secondly, internal family interactions may be a contributing factor. Following Jerry Buss's passing in 2013, Jeanie had power conflicts with her brothers Jim and Johnny, which may have weakened family harmony despite her growing authority.

The sale is worth how much?

With a $10 billion valuation, the Lakers are worth more than the Boston Celtics, who were sold for $6.1 billion in March 2025. The payout is estimated to be around $6.6 billion, based on the Buss family's 66% ownership, but the precise details are still unknown. It's possible that Walter only purchased a portion of this sum and not the entire $10 billion.

Read Also: Real Madrid’s Gonzalo Garcia Marks FIFA Club World Cup Debut with Stunning Goal vs Al-Hilal – Watch Now

Get the latest Bollywood entertainment news, trending celebrity news, latest celebrity news, new movie reviews, latest entertainment news, latest Bollywood news, and Bollywood celebrity fashion & style updates!

HOW DID YOU LIKE THIS ARTICLE? CHOOSE YOUR EMOTICON!