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The Los Angeles Lakers organization has made a massive move, as the Buss Family is selling majority ownership of the team to Mark Walter, the CEO and chairman of diversified holding company TWG Global. Walter famously owns the Los Angeles Dodgers.
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
Photo by Allen Berezovsky/Getty Images
Jeanie Buss will remain with the team as governor past the sale, but Walter will assume majority ownership of the Lakers moving forward.
This story will be updated…