Lakers offered to Mark Walter: Why Jeanie Buss is promoting the long-lasting NBA workforce and for a way a lot?
Jun 19, 2025 03:13 AM IST
The Buss household has agreed to promote a majority stake within the Los Angeles Lakers to Mark Walter
The Buss household has agreed to promote a majority stake within the Los Angeles Lakers to Mark Walter, the CEO and chairman of holding firm TWG International, ESPN reported on Wednesday. This marks the top of an period for one of many NBA’s most influential households. Neither Walter nor the Lakers have made an announcement concerning the reported sale.
The late Jerry Buss bought the Lakers in 1979. He died in 2013, leaving the franchise to his youngsters. His daughter, Jeanie Buss, took over as principal proprietor. She’s going to keep on as governor after the sale, ESPN’s Shams Charania reported.
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How a lot did the Buss household promote the bulk stake within the Lakers for?
The Buss household agreed to promote the bulk possession of the Los Angeles Lakers to Mark Walter for about $10 billion, ESPN reported.
Why is Jeanie Buss promoting?
The Buss household’s resolution to promote their 66% stake, held since Jerry Buss bought the Lakers in 1979 for $67.5 million, stems from a number of elements. First, the franchise’s skyrocketing valuation—up from $7 billion in early 2025, as per Forbes—presents a profitable exit alternative, particularly as NBA workforce values soar with international progress and media offers.
The Lakers’ $400 million annual TV and streaming income, renegotiated in 2022, underscores this monetary enchantment. Second, inside household dynamics could play a task. After Jerry Buss’s demise in 2013, Jeanie confronted energy struggles with siblings Jim and Johnny, consolidating management however presumably straining household unity.
How a lot is the sale value?
The deal values the Lakers at $10 billion, surpassing the Boston Celtics’ $6.1 billion sale in March 2025. Whereas actual phrases stay undisclosed, the Buss household’s 66% stake suggests a payout of roughly $6.6 billion, although Walter doubtless bought a portion of this, not the complete $10 billion.
