Mark Walter Expected to Acquire Majority Lakers Stake in 2025

Mark Walter, a billionaire investor and current minority owner of the Los Angeles Lakers, is set to acquire majority control of the franchise by late 2025 in a historic deal valued at approximately $10 billion. This transaction marks the end of the Buss family's 46-year ownership, during which the Lakers secured 11 NBA championships. Despite the change in majority ownership, Jeanie Buss will remain as the team governor, overseeing day-to-day operations and continuing the franchise's commitment to winning with passion and style. Walter, who also holds stakes in the Los Angeles Dodgers, WNBA's Los Angeles Sparks, and other sports enterprises, expressed admiration for the Buss family's legacy and excitement to lead the Lakers into their next era. The NBA Board of Governors is expected to approve the sale in the third or fourth quarter of 2025, finalizing the transition. Both Walter and Buss emphasized their shared values and dedication to preserving the Lakers' storied history and status as an iconic sports franchise.