Mark Walter has officially become the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase from the Buss family, with Jeanie Buss remaining as governor and overseeing operations. The deal, valued at a franchise record of $10 billion, makes Walter the primary owner of the Lakers, adding to his sports portfolio that includes the Dodgers and Sparks. The Lakers, with 17 NBA championships, continue their legacy of excellence under this new ownership structure.
The NBA has approved the $10 billion sale of the Los Angeles Lakers to businessman Mark Walter, who already owns part of the Dodgers and other sports teams. Jeanie Buss will remain as team governor and oversee operations, while Walter aims to uphold the Lakers' legacy of excellence.
The article discusses recent ownership changes in the NBA, focusing on the Boston Celtics' sale to Bill Chisholm and the Lakers' potential leadership transition involving Jeanie Buss, with Lakers fans reacting to possible future changes in franchise management.
Rob Pelinka is expected to remain Lakers GM as long as Jeanie Buss is in charge, with his future tied to her leadership and the team's ongoing management stability, especially following recent ownership and roster developments.
Mark Walter, who recently acquired majority control of the Los Angeles Lakers, plans to have Jeanie Buss remain as team governor for up to five years, after which a full transition of control is expected. The move marks a significant change in the franchise's leadership, with Walter aiming to influence team operations within that timeframe.
Jeanie Buss has agreed in writing to remain as the Lakers' governor for at least five years following the sale of the team's majority stake, ensuring a smooth transition and continuity in leadership despite the change in ownership. This arrangement differs from previous handshake agreements, providing stability during the ownership change process.
Jeanie Buss will continue as the Lakers' governor for at least five more seasons following the sale of the team's majority stake to Mark Walters, ensuring her ongoing leadership despite the team's $10 billion valuation and recent ownership changes.
Jeanie Buss announced the sale of the Los Angeles Lakers to Mark Walter for $10 billion, the largest sports franchise sale in U.S. history, with the deal expected to close in late 2025. Buss expressed confidence in the team's future and will continue to oversee operations, while Walter, a seasoned sports owner, takes over as majority owner.
The Los Angeles Lakers are officially sold to billionaire Mark Walter for $10 billion, with Jeanie Buss remaining as the team's governor and overseeing operations for the foreseeable future, ensuring continuity in leadership as the franchise enters a new era.
Jeanie Buss is set to sell a majority stake in the Los Angeles Lakers to Mark Walter in a record-breaking deal valued at approximately $10 billion, making it the highest sale in American sports history. The Lakers, owned by the Buss family since 1979, are one of the most successful NBA franchises, and the sale reflects their significant value and global brand. Walter, who also owns the Dodgers and other sports assets, previously acquired a stake in the Lakers in 2021 and has a history of successful sports franchise ownership.
The Buss family is in the process of selling the Los Angeles Lakers to Mark Walter for a record $10 billion, potentially rising to $12 billion, which would make it the most expensive sports team sale ever. Walter, who already owns the Dodgers, is expected to maintain Jeanie Buss as team governor, and the sale signifies a major financial milestone for the franchise and the sports industry.
The Los Angeles Lakers are selling a majority stake to Mark Walter at a record valuation of $10 billion, with Jeanie Buss retaining a minority stake and her governance role, marking a significant increase in NBA team valuations.
The Los Angeles Lakers are being sold by the Buss family to Mark Walter, owner of the Los Angeles Dodgers, for a record $10 billion, marking a significant change in ownership after over 45 years under the Buss family, with Jeanie Buss remaining as team governor.
The Los Angeles Lakers are being sold for approximately $10 billion to businessman Mark Walter, making it the largest sale of a U.S. sports franchise; Jeanie Buss will remain as franchise governor.
Despite pressure and criticism, Lakers coach Darvin Ham reportedly has the support of team governor/co-owner Jeanie Buss, suggesting his job is safe for now. While his coaching decisions and the team's performance have been under scrutiny, any potential change is more likely to occur in the off-season rather than mid-season. The Lakers' struggles may not solely be attributed to Ham, as the team faces various challenges that extend beyond coaching, and finding a suitable replacement mid-season presents its own set of challenges. With Buss backing Ham, significant changes are not expected in the short term, and any evaluation of the coaching situation is likely to occur in the off-season.
