LA Lakers to Be Sold for Record $10 Billion in Historic Sports Franchise Deal

Minority owner Mark Walter to take control of the iconic NBA team in the most expensive U.S. sports sale ever, signaling a bold new chapter for the Lakers dynasty

In a landmark move that’s making waves across the sports world, the Los Angeles Lakers are set to be sold for a record-breaking $10 billion. The historic sale, which would be the most expensive transaction for a U.S. professional sports franchise to date, marks the end of an era and the beginning of a new chapter for one of basketball’s most legendary teams.

The deal sees Mark Walter, current minority stakeholder and CEO of TWG Global, acquiring majority control from the Buss family — stewards of the Lakers legacy since 1979. The agreement has reportedly received approval from the NBA’s board of governors, with Jeanie Buss expected to remain as team governor. The Buss family will retain a minority stake of just over 15% for a limited period.

From $67.5 Million to $10 Billion: The Rise of a Franchise Icon

The sale underscores the dramatic rise in franchise valuations. Jerry Buss purchased the Lakers in 1979 for just $67.5 million — a figure that now pales in comparison to the staggering $10 billion sale price. This deal eclipses other notable NBA transactions, including the Dallas Mavericks (approx. $3.5 billion), Boston Celtics ($6.1 billion), and the Phoenix Suns/Mercury ($4 billion).

Walter, who already owned a 27% share of the team following his $1.35 billion investment in 2021, had secured first refusal rights on the majority stake — a strategic move that has now culminated in full control of the storied franchise.

A New Era Under Mark Walter

Mark Walter brings with him a track record of success in sports ownership. As chairman and CEO of TWG Global, he is already co-owner of the Los Angeles Dodgers, WNBA’s LA Sparks, English football giant Chelsea FC, and the Cadillac Formula 1 team.

His acquisition of the Lakers signals his continued commitment to excellence across multiple sports disciplines. Walter is expected to invest heavily in the team’s player development, facilities, and global brand expansion.

Former Lakers star and Dodgers co-owner Magic Johnson took to social media to share his excitement, stating, “Laker fans should be ecstatic. Mark is driven by winning, excellence, and doing everything the right way.” He praised Jeanie Buss for “choosing a successor aligned with the Lakers legacy.”

LA Dodgers manager Dave Roberts echoed the sentiment, adding that Walter’s competitive spirit and deep resources are key to building a championship-caliber Lakers team.

What Comes Next

While the Lakers have yet to release an official statement, NBA insiders suggest that the board of governors will conduct a final review of the transaction. Based on Walter’s successful leadership with the Dodgers and Sparks, fans and analysts alike anticipate a renewed focus on strategic growth, talent acquisition, and championship contention.

The deal not only signals the growing financial strength of sports franchises but also cements the LA Lakers’ status as one of the most valuable and influential teams in the world.

With the Buss family passing the torch to a visionary investor and sports mogul, the Lakers are poised to enter a dynamic new era — one that honors their storied past while aiming boldly for future glory.