Los Angeles Lakers to be sold for record-breaking $10 billion, current owner Jeanie Buss to remain governor

Los Angeles Lakers to be sold for record-breaking $10 billion, current owner Jeanie Buss to remain governor

The Buss Family has agreed to sell the controlling stake of the Los Angeles Lakers, the NBA team they have owned since 1979, to TWG Global CEO Mark Walter with a franchise valuation of $10 billion – the highest-ever for a professional sports franchise.

The Los Angeles Lakers in action during the 2025 NBA playoffs. Reuters