The Los Angeles Lakers will enter a new era. Before the end of the year, the Buss family will give up its shares in Mark Walter in exchange for a staggering check of ten billion dollars.
Before the end of the year, a historic page will turn to the NBA. Prisoners since 1979 by the Buss family, majority shareholder, The Los Angeles Lakers will change their pavilion. Espn revealed this Wednesday the formalization of an agreement concluded between the Buss and Mark Walter. Already a minority shareholder of Purple and Gold since 2021, he will become the boss in exchange for a check estimated at ten billion dollars. A colossal sum passing more on the Californian franchise to posterity, no equivalent sum has never been spent as for the acquisition of a team, all sports combined.
According to the protagonists, The transaction will be carried out during the third or fourth quarter of 2025. However, Jeanie Buss will not go far from the Lakers because it has been decided that she would retain her role as leaders. “I have immense respect for Jeanie’s continuous commitment to preserve the long -term vision and the elite status of the Lakers, and I am enthusiastic about working with her to write the next chapter” enthusiastic Mark Walter. “I got to know Mark (Walter, Editor’s note) over time and I was delighted to discover that he shares these same victory values” said the entrepreneur.
A major player in Californian professional sport, Mark Walter widens his hegemony, he who holds shares of the Los Angeles Sparks, the WNBA female franchise. The future Lakers boss also has shares of Los Angeles Dodgers, the legendary baseball team.
