Businessman Mark Walter is set to acquire a majority stake in the Los Angeles Lakers, valuing the franchise at $10 billion. The deal is expected to close this year, with Jeanie Buss remaining as the team governor. Walter, who has been a minority owner since 2021, shares the Buss family's commitment to excellence. He acknowledges the franchise's iconic status and its enduring legacy in the world of basketball, emphasizing the Lakers’ consistent, winning tradition.
From the day our father purchased the Lakers, 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.
The Lakers have long been one of the most iconic franchises in sports. Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another.
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