Lakers Owners Cash In: Majority Stake Sold for a Staggering $10 Billion Valuation!

The Los Angeles Lakers are making headlines as the Buss family has decided to sell a majority stake in the team to businessman Mark Walter for a staggering $10 billion. This deal would break records for NBA team valuations, showcasing just how valuable franchises have become in recent years.

Walter, who has been a stakeholder since 2021, is the CEO of Guggenheim Partners and also owns other sports teams, including the Los Angeles Dodgers and the WNBA’s Sparks. His deep involvement in various sports has earned him a solid reputation, and many believe he’ll continue the Lakers’ legacy of success. Notably, former Lakers star Magic Johnson praised the deal, saying it was a great move for Jeanie Buss and the team’s future.

The Lakers currently rank third in NBA value, standing at around $7 billion, according to CNBC. This comes after the league recently secured a massive media rights deal valued at $77 billion over 11 years, which has driven up team valuations across the board. Just this past March, the Boston Celtics sold for a record $6.1 billion, further highlighting the competitive nature of team values in the league.

Jeanie Buss, who has been with the Lakers since her family bought the team in 1979 for $67.5 million, will retain a minority stake and her position as governor. Under her leadership, the Lakers have clinched 11 NBA titles, the most of any franchise during her tenure.

The NBA landscape is shifting. With the Lakers finishing the 2025 season with a 50-32 record and a No. 3 seed in the Western Conference, fans are excited about the future. Recently, they acquired Dallas Mavericks superstar Luka Doncic to pair with LeBron James, adding to the team’s talent and championship aspirations.

As the value of NBA teams continues to rise, the Lakers’ sale to Walter not only emphasizes the financial strength of the league but also sets the stage for ongoing competition in the sports ownership arena. The right ownership can make all the difference in maintaining and enhancing the legacy of such iconic franchises.

For more insights on the changing landscape of sports ownership, check out this report from CNBC.

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