rewrite this title Dodgers Owner Mark Walter Buying Majority Stake of Lakers From Buss Family in Monumental Move

June 18, 2025

in Baseball

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Los Angeles Dodgers owner Mark Walter is buying a majority stake of the Los Angeles Lakers from the Buss family, ESPN’s Shams Charania reports.

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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

Jerry Buss bought the Lakers in 1979 for $67.5 million. When he passed away, he passed ownership onto his children. Now, Jeanie Buss is selling majority interest of the team, but will maintain her standing as Governor after the sale.

As for Walter, he’s been a minority stakeholder in the Lakers since 2021, but has interests in multiple professional sports organizations, including the Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women’s Hockey League.

This story will be updated…

Photo Credit: Kirby Lee-USA TODAY Sports