The Buss family has entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO of diversified holding company TWG Global, sources told ESPN.
Jeanie Buss will continue to serve in her role as Lakers governor, sources said.
Walter has interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women's Hockey League.
The Lakers have been owned by the Buss family since 1979, when Jerry Buss purchased the franchise from Jack Kent Cooke in a $67.5 million transaction that also included the Los Angeles Kings and the Los Angeles Forum.
The Lakers passed to Buss' children when he died in 2013, and his daughter Jeanie has served as the Lakers' governor since.
Walter has been a stakeholder in the Lakers since 2021, when he also received a right of first refusal on the majority share of the team.
ESPN's Ramona Shelburne contributed to this report.
-Sig-
“Why didn’t you do this in your own god damn country?"
-All Stah's view on undocumented immigrants wanting to be treated like human beings.
7. "yall used to celebrate chips" In response to Reply # 1
Now its made-up mid-season tournament wins, 3rd seeds, and being sold to a venture capitalist.
big yikes.
Oh, and you got your biggest star on his corny podcast going on and on about how rings shouldn't matter so much with his newest public, white dude dick rider and no doubt 26-27 Lakers head coach.
Oh and didn't KANG recently say he starts every season with the goal of playing in the finals?? Not winning a chip, but just getting to the finals.
That Lebron effect is really some loser-minded, goalpost moving shit. And it has infected the Lakers and a lot of their fans. Sad to see.
But yeah, congrats on the new billionaire owner I guess.
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