Buss family agrees to sell Lakers, sources say

The Buss household has entered an statement to merchantability bulk ownership of the Los Angeles Lakers to Mark Walter, the CEO of diversified holding institution TWG Global, sources told ESPN.

Jeanie Buss volition proceed to service successful her relation arsenic Lakers governor, sources said.

Walter has interests successful aggregate nonrecreational sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula One squad and the Professional Women's Hockey League.

The Lakers person been owned by the Buss household since 1979, erstwhile Jerry Buss purchased the franchise from Jack Kent Cooke successful a $67.5 cardinal transaction that besides included the Los Angeles Kings and the Los Angeles Forum.

The Lakers passed to Buss' children erstwhile helium died successful 2013, and his girl Jeanie has served arsenic the Lakers politician since.

Walter has been a stakeholder successful the Lakers since 2021, erstwhile helium besides received a close of archetypal refusal connected the bulk stock of the team.

ESPN's Ramona Shelburne contributed to this report.