Buss household to promote Los Angeles Lakers to proprietor of Dodgers – NBC Los Angeles
The Buss household is nearing an settlement to promote majority possession of the Los Angeles Lakers to Mark Walter, the CEO of TWG International and proprietor of the Los Angeles Dodgers, sources conversant in the deal informed NBCLA on Wednesday.
The deal, first reported by ESPN, has a valuation of about $10 billion, a supply informed NBCLA.
Walter is a part of the possession of different sports activities franchises, together with the Los Angeles Sparks of the WNBA, Chelsea FC of the English Premier League and several other auto racing groups.
NBCLA has reached out to the Dodgers group for remark.
Jeanie Buss, who took over the Lakers after the demise of her father Dr. Jerry Buss, will proceed to function the staff’s governor after the sale, a sign that the Buss household’s lengthy historical past with the Lakers will proceed.
The Buss household has owned the Lakers since 1979 when the late Jerry Buss purchased the Lakers for $67.5 million in 1979.
Magic Johnson, who led the Lakers’ “Showtime” period, took to social media and stated Laker followers needs to be “ecstatic” concerning the new possession, calling Walter “your best option” and “greatest caretaker of the Lakers.”
“(Mark Walter) is pushed by successful, excellence, and doing all the pieces the fitting approach. AND he’ll put within the sources wanted to win!” Johnson stated.
Laker followers needs to be estatic. Just a few issues I can let you know about Mark – he’s pushed by successful, excellence, and doing all the pieces the fitting approach. AND he’ll put within the sources wanted to win! I can perceive why Jeanie offered the staff to Mark Walter as a result of they’re simply alike -…
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
CNBC Media and Sports activities Reporter Alex Sherman agreed that having Walters with “deep pockets” shall be helpful for the Lakers franchise.
“He is clearly prepared to spend cash on the Dodgers,” Sherman stated, particularly with the looming actuality of LeBron James’ retirement. “If LeBron retires sooner or later, they’re going to be clearly be available in the market once more for a marquee free agent to interchange him.
“Having somebody like Mark Walter in that chair, I believe Lakers followers can relaxation straightforward, realizing the cash goes to be no object,” Sherman defined,
This blockbuster deal shall be most costly franchise gross sales in U.S. sports activities historical past after the Boston Celtics in March of 2025 had been offered to William Chisholm, a lifelong fan, for a $6.1 billion valuation.
The Lakers have received a complete of 17 NBA championships, tied with the Boston Celtics for essentially the most championships in league historical past.
It is a creating story. Test again for updates.
