Legendary Sports Franchise Sold In Record-Setting Deal

By Danielle

The Buss family has agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, Chief Executive Officer of Guggenheim Partners and owner of the Los Angeles Dodgers, for approximately $10 billion.

According to ESPN, it’s the highest ever for a U.S. professional sports franchise.

BREAKING: The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell ESPN. Jeanie Buss will continue to serve in her role as Governor after the sale. pic.twitter.com/1Da6LDD7TJ

— Shams Charania (@ShamsCharania) June 18, 2025