The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to billionaire Mark Walter, valuing the iconic NBA franchise at $10 billion, according to CNBC. The Lakers are valued at $7 billion, ranking third in the NBA. Mark Walter has been a stakeholder since 2021 and is acquiring additional ownership in the Los Angeles Lakers, according to his representative. Jeanie Buss will retain a minority stake in the Lakers and keep her governor seat. Mark Walter is the CEO and co-founder of Guggenheim Partners, with extensive experience in sports ownership. He owns the Dodgers, Sparks, Cadillac’s upcoming Formula 1 team, and the Professional Women’s Hockey League. Magic Johnson, a business partner of Mark Walter, praised the Lakers' sale in a post on X.
