The Buss family has agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO of TWG Global, while Jeanie Buss retains her role as the team's governor. The Lakers have been in the Buss family since 1979 when Jerry Buss purchased the franchise. Walter holds interests in various sports teams and has been a stakeholder in the Lakers since 2021, including a right of first refusal for the majority share during this period.
The Buss family has reached an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter while Jeanie Buss remains the Lakers governor.
Mark Walter, CEO of TWG Global, has interests in multiple sports organizations and had a right of first refusal on the Lakers since 2021.
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