The Los Angeles Lakers are being sold, and the price will be record-breaking.
Jeanie Buss and her family are selling the team to Mark Walter, the CEO and chairman of TWG Global. According to ESPN NBA insider Shams Charania, Walter will be buying a majority stake in the franchise with the total valuation of the team coming in at $10 billion. That is the largest sale of a professional sports franchise in history.
Mark Walter is entering agreement to purchase majority ownership of the Lakers from the Buss family for a valuation of approximately $10 billion, the largest sale of a professional sports franchise in the world, sources tell ESPN.
— Shams Charania (@ShamsCharania) June 18, 2025
$10 billion. https://t.co/mgZkxcdXnp
Buss's father, Jerry Buss, bought the team in 1979 for $67.5 million, though that purchase also came with the Los Angeles Kings, The Forum, and a 13,000-acre ranch in Nevada. It's safe to say the Buss family did very well for themselves in both deals.
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This article was originally published on www.si.com as Lakers Sale Price Breaks Record for Sports Franchise.