Blockbuster Deal: Lakers Sold for $10 Billion to TWG Global CEO Mark Walter

In a historic move that sent shockwaves through the sports world, the Los Angeles Lakers have reached an agreement to sell the majority of the team’s ownership stake to Mark Walter, CEO and chairman of TWG Global. The transaction, valued at approximately $10 billion, marks the largest sale of a professional sports franchise in history.

End of an Era: The Buss Family Steps Back After 46 Years

The Buss family, which has owned the Lakers since 1979, will part with 85% of the team’s equity while retaining a 15% stake to maintain a connection to the franchise and secure future dividends.

Back in 1979, the late Dr. Jerry Buss purchased the Lakers for just $67.5 million — and after 46 years, his daughter Jeanie Buss will complete the sale at an astronomical price, ensuring a generational financial windfall for the family.

Why Sell Now? A Record Offer Too Big to Refuse

Sources suggest the primary reason behind the sale was simple: Mark Walter’s offer was too good to turn down. The Lakers’ valuation far exceeded prior estimates, with most experts placing the franchise as the third-most valuable team in the NBA. However, this transaction proves the Lakers’ global brand power remains unmatched.

Even without owning their own arena, the Lakers’ brand value alone justified the staggering price tag. Industry insiders note that had the Lakers gone to an open-market auction, $10 billion might still have been the floor.

Lakers Fans React: New Ownership, New Ambitions

Lakers fans and local media outlets were quick to respond to the blockbuster deal:

• “See? All those claims that the Lakers aren’t the NBA’s most valuable franchise were nonsense.”

• “Our new owner is clearly loaded — now we might actually land both Jokic and Giannis!”

Though ESPN insiders describe this as a strictly commercial ownership transfer, fans are already dreaming big about the franchise’s future roster-building possibilities under Mark Walter’s deep-pocketed leadership.

A Power Move Between Influential Groups

While on the surface this seems like a monumental business transaction, some analysts believe it reflects a deeper exchange of influence between elite ownership groups, ensuring both families’ legacies — and their heirs — remain firmly entrenched in the upper echelons of sports and business.