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The Buss household has agreed to merchantability the controlling involvement of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing truthful with a franchise valuation of $10 cardinal US — the astir ever for a nonrecreational sports franchise, a idiosyncratic with cognition of the statement said Wednesday.
TWG Global CEO Mark Walter to go bulk owner
Tim Reynolds · The Associated Press
· Posted: Jun 18, 2025 6:17 PM EDT | Last Updated: 2 minutes ago
The Buss household has agreed to merchantability the controlling involvement of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing truthful with a franchise valuation of $10 cardinal US — the astir ever for a nonrecreational sports franchise, a idiosyncratic with cognition of the statement said Wednesday.
As portion of the deal, Jeanie Buss — whose household has had power of the Lakers since her begetter bought the squad successful 1979 — intends to stay arsenic governor, said the person, who spoke to The Associated Press connected information of anonymity due to the fact that neither broadside instantly announced details.
It is not wide however overmuch of the Lakers that Walter is acquiring. He was portion of a radical that bought 27 per cent of the Lakers successful 2021.
Walter is portion of the ownership of galore different franchises, including the Los Angeles Dodgers, Chelsea FC, the Los Angeles Sparks and respective car racing teams.
ESPN archetypal reported the agreement.
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