Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Mark Walter reaches agreement to buy Lakers majority stake at record valuation of $10 billion: report
Business

Mark Walter reaches agreement to buy Lakers majority stake at record valuation of $10 billion: report

Buddy DoyleBy Buddy DoyleJune 18, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Mark Walter reaches agreement to buy Lakers majority stake at record valuation of  billion: report
Share
Facebook Twitter LinkedIn Pinterest Email

The Buss family has reportedly entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the chairman and controlling owner of the Los Angeles Dodgers.

The deal is reportedly valued at $10 billion, which is by far the most for any sale of a professional sports team in world history, per ESPN. 

The highest price before that was the Boston Celtics sale in March 2025, which was $6.1 billion for the group led by Bill Chisholm. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

Walter, the CEO and chairman of the diversified holding company TWG Global, has been a minority stakeholder in the Lakers since 2021, while having his fingerprints on other sports organizations, including the WNBA’s Los Angeles Sparks, the Billie Jean Cup and the Cadillac Formula 1 team. 

As of February 2025, Forbes valued Walter’s net worth at $6.1 billion. 

CELTICS REACH AGREEMENT ON RECORD SALE PRICE TO GROUP LED BY PRIVATE EQUITY EXECUTIVE WILLIAMS CHISHOLM

Now, he will find himself in majority control of a professional sports brand even more iconic than the Dodgers. 

Jeanie Buss smiles

Meanwhile, Jeanie Buss, the daughter of the late Jerry Buss who originally purchases the Lakers from Jack Kent Cooke for $67.5 million in 1979, will continue serving in her role as Governor of the franchise after the sale is complete. 

Jerry Buss’s deal with Cooke also included the old Los Angeles Forum and the Los Angeles Kings franchise in the NHL. 

When he died in 2013, the Lakers passed down to his children, where Jeanie has been serving as the team’s governor ever since. 

Mark Walter and Jeanie Buss with Lakers court logo in middle

Walter co-founded the global investment and advisory financial services firm Guggenheim Partners in 1999, which has more than $325 billion in assets under its management. 

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.



Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleInvasive pests could stage dramatic comeback this summer, experts warn
Next Article Almost Half Of Americans Expect A Civil War In Less Than A Decade

Related Articles

Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

July 1, 2025
FTC declares July as ‘Made in the USA’ month

FTC declares July as ‘Made in the USA’ month

July 1, 2025
Treasury secretary says Senate moving toward vote on Trump’s megabill today despite Democrat resistance

Treasury secretary says Senate moving toward vote on Trump’s megabill today despite Democrat resistance

July 1, 2025
House Democrats target GOP over price of groceries ahead of July 4th holiday

House Democrats target GOP over price of groceries ahead of July 4th holiday

July 1, 2025
The American dream slips further away as younger adults retreat to parents’ homes

The American dream slips further away as younger adults retreat to parents’ homes

July 1, 2025
Amazon Prime members brace for sticker shock as analysts predict imminent price hike

Amazon Prime members brace for sticker shock as analysts predict imminent price hike

July 1, 2025
Social Security insolvency could speed up with illegal immigration crackdown

Social Security insolvency could speed up with illegal immigration crackdown

July 1, 2025
Chilling clues in Amazon reviews: Fox Nation probes serial killer’s sinister trail

Chilling clues in Amazon reviews: Fox Nation probes serial killer’s sinister trail

July 1, 2025
Canada rescinds digital services tax for the US: What is it and why did Trump want it gone?

Canada rescinds digital services tax for the US: What is it and why did Trump want it gone?

July 1, 2025
Don't Miss
Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

Lululemon accuses Costco of selling knockoffs of its popular athletic apparel

Trump taunts Newsom to visit ‘Alligator Alcatraz’ and ‘learn something’ about immigration

Trump taunts Newsom to visit ‘Alligator Alcatraz’ and ‘learn something’ about immigration

Self-deport or end up in ‘Alligator Alcatraz,’ Noem warns migrants during Trump visit

Self-deport or end up in ‘Alligator Alcatraz,’ Noem warns migrants during Trump visit

Top 10 Best Striker Fired 9mm Handguns In The World

Top 10 Best Striker Fired 9mm Handguns In The World

Latest News
Elon Musk’s attacks on Trump’s ‘big, beautiful bill’ have ‘no basis,’ says No 2 House Republican

Elon Musk’s attacks on Trump’s ‘big, beautiful bill’ have ‘no basis,’ says No 2 House Republican

July 1, 2025
‘We’re ignoring him’: GOP senators react to Musk’s threat to primary supporters of Trump’s ‘beautiful’ bill

‘We’re ignoring him’: GOP senators react to Musk’s threat to primary supporters of Trump’s ‘beautiful’ bill

July 1, 2025
TOP 10 BEST KARAMBIT KNIVES 2021

TOP 10 BEST KARAMBIT KNIVES 2021

July 1, 2025
Nuclear Standoff Between Iran And U.S. & Israel Intensifies

Nuclear Standoff Between Iran And U.S. & Israel Intensifies

July 1, 2025
Red Armor: The T-34/85 in the Korean War

Red Armor: The T-34/85 in the Korean War

July 1, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.