The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to Mark Walter, CEO of TWG Global, for a historic valuation of $10 billion. This marks the highest valuation ever for a professional sports franchise. Jeanie Buss, whose family has managed the team since 1979, will continue as the governor of the Lakers after the sale. Mark Walter, who previously acquired 27% of the team in 2021, also holds ownership interests in multiple sports teams, including the Los Angeles Dodgers and Chelsea FC.
The Buss family has sold a controlling stake of the Los Angeles Lakers to Mark Walter, setting a record franchise valuation at $10 billion.
Jeanie Buss will remain as governor of the Lakers despite the sale of a controlling stake to Mark Walter.
Mark Walter, who previously acquired 27% of the Lakers in 2021, is also involved in ownership of various other major sporting franchises.
This sale marks a significant milestone as it represents the highest valuation for a professional sports franchise ever recorded.
Collection
[
|
...
]