Lakers To Be Sold For $10B In Largest Ever U.S. Sports Team Sale: Report

LOS ANGELES, CA — The Buss family, the longtime majority owners of the Los Angeles Lakers, is planning to sell their stake in the team to Mark Walter, the primary owner of the Los Angeles Dodgers, ESPN reported.

The $10 billion sale will mark the largest-ever sale of a U.S. professional sports team, according to the publication.

Jeanie Buss will remain as team governor to the NBA, according to Bleacher Report.

Walter, the CEO and chairman of TWG Global, is the majority owner and chairman of the Dodgers. He also owns stakes in the Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula One team and the Professional Women's Hockey League.

He has been a minority owner in the Lakers since 2021, according to Bleacher Report.

The Buss family has been strongly associated with the Lakers since Jerry Buss purchased team in 1979 for $67.5 million in a deal that also included the NHL's Kings and The Forum. He passed the team to his children following his death in 2013.

The Lakers have thrived under the Buss family's leadership, becoming one of the most storied franchises in sports. They've captured 11 NBA championships during that span, including a three-peat from 2000 to 2002 under coach Phil Jackson and star guard Kobe Bryant, and most recently won a title in 2020.

Last season, the team made headlines again with a blockbuster trade to acquire Dallas Mavericks superstar Luka Doncic.

The Boston Celtics were the most recent NBA team to be sold, reaching a deal earlier this year with a group led by Bill Chisholm. That sale price was $6.05 billion, setting a record for an NBA franchise.

City News Service contributed to this report.