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flag Mark Walter becomes majority owner of the Lakers in a $10B deal, ending the Buss family’s era.

flag Mark Walter has become the new majority owner of the Los Angeles Lakers after the NBA Board of Governors approved the $10 billion deal, the highest valuation ever for a professional sports team. flag The transaction ends the Buss family’s decades-long ownership, with Jeanie Buss retaining a 15% stake and remaining team governor for at least five years. flag Walter, already a minority owner since 2021 and principal owner of the Dodgers and Sparks, now leads the franchise, bringing his proven track record in sports ownership. flag NBA Commissioner Adam Silver and Jeanie Buss praised his leadership and commitment to excellence. flag The Lakers, with 17 NBA championships, enter a new era under Walter’s ownership.

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