Mark Walter, Dallas Mavericks controlling owner, has agreed to a deal to acquire a majority ownership stake in the Lakers for around $10 billion, potentially rising to $12 billion. Jeanie Buss will retain her role overseeing daily operations. The Buss family has managed the Lakers for almost five decades, emphasizing a commitment to success and fan expectations. Walter, already a minority stakeholder since 2021, has led the Dodgers to success, creating hopes for a successful future for the Lakers under his ownership.
The Buss family is deeply honored to have looked after this incredible organization for almost half a century. We have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning - relentlessly - and to doing so with passion and with style.
Walter's acquisition of majority ownership stake of the Lakers comes at a time when the team was valued at a record $10 billion, possibly swelling to $12 billion.
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