Historic Sale of Los Angeles Lakers for $10 Billion Marks End of Buss Family Era
The Los Angeles Lakers are set to be sold in a historic $10 billion deal, marking a significant shift in ownership away from the Buss family, who have been synonymous with the franchise. Jeanie Buss has agreed to sell the majority stake to billionaire Mark Walter, co-owner of the Los Angeles Dodgers. This sale is notable not only for its record valuation—ranking it as the most expensive team sale in U.S. sports history—but also for the potential impact Walter might have on the Lakers, as the NBA continues to see a surge in franchise valuations due in part to massive media rights deals. While some Buss family members reportedly hesitated about the sale, the majority voted in favor of the move, paving the way for a new era in Lakers basketball. The sale is expected to excite fans and players alike, including stars like LeBron James and Luka Dončić.
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