Los Angeles Lakers Confirms Majority Stake Sale to Mark Walter
The Los Angeles Lakers has confirmed Mark Walter will purchase a majority stake in the NBA franchise from the Buss family, a deal that values the team at a record $10 billion.
The sale is expected to close in the third or fourth quarter of 2025, according to a joint statement on Wednesday. Jeanie Buss will remain governor of the franchise and continue to oversee all team operations on 'a day-to-day basis for the foreseeable future.'
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Bloomberg
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