The Los Angeles Lakers, a franchise owned by the Buss family since 1979, are set to be sold to Mark Walter and TWG Global for an estimated $10 billion. After Jerry Buss's death in 2013, control of the team passed to a family trust, requiring agreement from several heirs for a sale. Jeanie Buss is expected to remain as team governor, maintaining ties to the franchise. Walter, who became a minority owner in 2021, has expressed his commitment to the Lakers' legacy, viewing the partnership with Jeanie Buss positively.
The Los Angeles Lakers will be sold for approximately $10 billion to Dodgers owner Mark Walter, marking a significant shift in the franchise's long-standing family ownership.
Walter has been a part of the Lakers franchise since 2021 and expressed excitement about partnering with Jeanie Buss, ensuring continuity and commitment to the franchise's legacy.
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