Los Angeles Dodgers’ owner Mark Walter seals $10 billion Lakers takeover reshaping NBA’s ownership landscape

Finally the buzz around the Los Angeles Lakers' sale has finally come to a rest. According to AP News, reputed businessman and philanthropist Mark Walter is a majority stake owner of Los Angeles Lakers after the NBA board of Governors approved his acquisition from the Buss family.

The sale of the NBA's most prestigious franchise was announced in July 2025. The sale was concluded with a franchise valuation coming around $10 billion, one of the record-breaking deals in the history of the NBA.

Popular MLB franchise owner Mark Walter lands a major stake in the Los Angeles Lakers

Prominent businessman and philanthropist Mark Walter was given a green signal by the NBA board of governors with respect to his acquisition of the Los Angeles Lakers. Reportedly, the Lakers sale was concluded with a franchise valuation of $10 billion, making it one of the biggest deals for a sports team. While talking about the legacy of the Los Angeles Lakers, Mark Walter mentioned in a statement, “The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness.

Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”

Despite handing over a major stake to Walter, Jeanie Buss will be retaining the Governor position for the Lakers. According to the latest updates, Buss would continue to look after the NBA franchise’s operations with her outstanding leadership skills. Jeanie Buss even spoke about her association with Mark Walter and even pointed out that his expertise in sports would add value to the Lakers. Buss said, “Over the past decade, I have come to know Mark well—first as a businessman, then as a friend and now as a colleague.

He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.” The Los Angeles Lakers, founded in 1947, are one of the NBA’s most successful teams. They have made the playoffs 65 times, reached the Finals 32 times, and won 17 championships.

Everything you need to know about Mark Walter

A successful businessman with a heart of a philanthropist, Mark Walter is a prominent face in the world of sports.

He is the chairman and CEO of a globally recognised holding company, TWG Global, that spans over continents. Reportedly, TWG Global provides financial, insurance, AI and technology, sports and entertainment and merchant banking services across the globe.

Mark Walter holds a majority stake in the Los Angeles Lakers and controlling interests in the Los Angeles Dodgers and Los Angeles Sparks. He also owns part of Chelsea F.C.His company, TWG Global, controls the Cadillac Formula 1 Team, owns the Professional Women’s Hockey League, and invests heavily in the Billie Jean King Cup.Also Read: Is LeBron James retiring? Los Angeles Lakers reportedly rejected NBA pro's extension request