Proprietor Jeanie Buss of the Los Angeles Lakers and Jay Mohr previous to sport considered one of a primary spherical NBA basketball sport between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Area in Los Angeles on Saturday, April 19, 2025.
Keith Birmingham | MediaNews Group | Pasadena Star-Information | Getty Pictures
The Buss household has agreed to promote a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the group at $10 billon, based on individuals with data of the phrases.
The sale would mark a brand new file for NBA valuations. The Crypto.com Area, the place the Lakers play, is owned by AEG and isn’t included within the deal.
CNBC’s most up-to-date Official NBA Crew Valuations ranked the Lakers as third within the league by way of worth, at $7 billion.
“Mark Walter is getting into into an settlement to accumulate further pursuits within the NBA’s Los Angeles Lakers, which he has been a stakeholder since 2021,” a consultant for Walter mentioned in an announcement to CNBC.
The Lakers didn’t instantly reply to a request for remark.
As a part of the deal, Jeanie Buss will retain a minority stake within the group she has owned since her household bought the franchise in 1979 for $67.5 million. She will even retain her governor seat.
Walter is CEO and co-founder of Guggenheim Companions and isn’t new to sports activities possession. He’s additionally the bulk proprietor of MLB’s Los Angeles Dodgers, WNBA’s Sparks and Cadillac’s forthcoming System 1 group. He additionally owns the Skilled Ladies’s Hockey League.
NBA valuations have skyrocketed because the league accomplished its most up-to-date media rights settlement, valued at $77 billion over 11 years.
In March, the Boston Celtics bought for a then-record of $6.1 billion to non-public fairness govt Invoice Chisholm.
The Celtics and Lakers are arguably two of probably the most marquee franchises within the NBA.
The Lakers have received 11 NBA titles because the Buss household took over, probably the most of any NBA franchise throughout that interval.
