Sports
This is the end of an era. The Buss family is making headlines with their decision to sell majority ownership of the Los Angeles Lakers to billionaire Mark Walter. Valued at approximately $10 billion, this deal will set a record as the largest sale of a U.S. professional sports team in history, sources revealed to ESPN. Despite the change in ownership, Jeanie Buss will remain in her role as Lakers governor, ensuring continuity in leadership for the iconic NBA franchise.
Mark Walter, CEO and chairman of TWG Global, is no stranger to the world of professional sports. He has extensive investments across various organizations, including the https://www.marca.com/en/mlb/los-angeles-dodgers.htmlLos Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team, and the Professional Women’s Hockey League.
LeBron James’ Olympic teammate Tyrese Haliburton mocked him and tells Kevin Hart why
Walter has been involved with the Lakers since 2021 as a stakeholder and held the right of first refusal for the majority share. His impressive portfolio and deep experience in sports management make him a strong fit for leading the Lakers into their next chapter.
The Lakers have been synonymous with the Buss family since 1979, when Jerry Buss purchased the team from Jack Kent Cooke for $67.5 million-a deal that also included the Los Angeles Kings and the Forum. Under their ownership, the Lakers have become one of the most successful franchises in NBA history, winning 11 championships since 1980. After Jerry Buss passed away in 2013, ownership transitioned to his children, with Jeanie Buss taking on the role of governor.
A new era for the Los Angeles Lakers
“I’m excited about this next chapter for the Lakers,” Walter said in a statement. “The legacy built by the Buss family is unparalleled, and I aim to honor that while steering the franchise into a bright future.”
This sale follows a trend among NBA owners cashing in on their investments. Jeanie Buss’ close confidants in the NBA governors community have made similar moves recently.Mark Cuban sold a majority stake in the Dallas Mavericks for $3.5 billion, while Wyc Grousbeck sold the Boston Celtics for $6.1 billion.
Walter’s credentials are nothing short of impressive. He became controlling owner of the Dodgers in 2012 when his investment group acquired the team for $2 billion-a then-record for an MLB franchise. His ability to manage high-profile sports teams positions him as a worthy successor to carry on the Lakers’ legacy.
This news was originally published on this post .
About the author
Seattle Sounders vs Atletico Madrid live updates: Club World Cup 2025 predictions, team news, latest score
Hello everyone and welcome along to The Athletic, where today we're covering Seattle Sounders vs Atletico Madrid.The Club World Cup, hosted in the United States, continues today with four fixtures, including MLS side Sounders taking on Spanish giants Atletico.Ahead of kick-off in a few hours, we're hosting coverage encompassing build-up, stats, quotes, and all the info you could ever ask for.So stick around. We've got you from here.
Inter Miami vs Porto live updates: Lionel Messi starts Club World Cup 2025 game latest score and goal alerts
It is fair to say the inclusion of Lionel Messi’s Inter Miami as host representatives at this Club World Cup raised a few eyebrows.Inter Miami qualified after winning the 2024 Supporters’ Shield, which is awarded to the MLS team with the best regular-season record — but that is not the national championship, which is decided by the subsequent play-off tournament and eventually sees the MLS Cup awarded to the winners.In past Club World Cup editions, the host nation’s top league champions were awarded a bonus qualification spot as hosts. Inter Miami were knocked out in the first round by Atlanta United, with LA Galaxy going on to beat New York Red Bulls in the final.Still, the bonus is Miami’s inclusion means Messi and his former Barcelona team-mates Luis Suarez, Sergio Busquets and Jordi Alba, all get the chance to be […]
Shedeur Sanders’ ticket for allegedly speeding over 100 mph wasn’t his first since joining Browns
Shedeur Sanders' speeding ticket Tuesday for allegedly driving more than 100 mph wasn't his first since joining the Cleveland Browns.Per Cleveland.com, the Browns' rookie quarterback was previously cited by the Ohio State Highway Patrol on June 6 for speeding in the Cleveland suburb of Medina, Ohio. Details of the the incident, including how fast Sanders was allegedly driving, are not clear from police records.AdvertisementAdvertisementAdvertisementPer court records obtained by Cleveland.com, Sanders missed a June 16 arraignment related to the infraction. It's not clear from the report if Sanders was required to show up in court or if he had the option of paying a fine that would absolve him from his court date. Court records state that the ticket was for $150 and that additional costs raised the total fine to $249.On June 17 — the night after his scheduled court […]
Pacers vs. Thunder odds: Best bets, predictions for NBA Finals Game 6
The Oklahoma City Thunder won yet another home game this postseason on Monday night, beating the Indiana Pacers 120-109 in Game 5 of the 2025 NBA Finals and covering as 9.5-point favorites. The game went over the total for the second time this series.The Thunder opened as 4.5-point road favorites in Indianapolis tonight, but the line shifted to -6.5 at BetMGM after news that Pacers guard Tyrese Haliburton has a strained right calf and will be listed as a game-time decision. The total also dropped a point to 223.5 to 222.5 off the news, and went down to 221.5 — before coming back up to 222.5 at the time of publication.AdvertisementAdvertisementAdvertisementThe public is backing Oklahoma City to cover, with 58% of the bets and 61% of the total dollars wagered on Thunder -5.5 at BetMGM sportsbooks.Yahoo Sports asked handicapper Jon […]
Další zápas na MS klubů přerušila bouřka. Fotbalisté Palmeiras i tak zdolali al-Ahlí
V prvním poločase dostal útočník Palmeiras Venga za zákrok na Zizu červenou kartu. Po intervenci videorozhodčího a zhlédnutí opakovaných záběrů ale hlavní sudí Taylor změnil původní verdikt a hráči brazilského celku udělil jen žlutou.Palmeiras pak rozhodli o výhře v úvodu druhého poločasu. Nejprve si dal vlastní gól Alí, poté se trefil střídající López. V 63. minutě Taylor utkání hrané v East Rutherfordu, kde šampionát 13. července vyvrcholí, přerušil kvůli bouřce. Počasí ovlivnilo i středeční duel mezi Salcburkem a Pachucou v Cincinnati, kde se nehrálo 90 minut.Palmeiras have the best fans in the Club World Cup so far.The game vs Al Ahly was interrupted due to weather conditions so the Brazilians 🇧🇷 brought the party into the covered area.pic.twitter.com/Blfj4gFUOG— Tactical Manager (@ManagerTactical) June 19, 2025 Rozhodčí jsou na turnaji vybaveni zařízením, které zaznamenává bouřku do vzdálenosti 10 kilometrů. Jakmile se bouřkový mrak v tomto dosahu objeví, protokol FIFA nařizuje přerušení utkání, dokud se podmínky nezlepší.Hrát […]
Thunder vs. Pacers live updates: 2025 NBA Finals Game 6 start time, picks and predictions
On this date, in 2016, the Cleveland Cavaliers defeated the 73-win Golden State Warriors in a classic Game 7 to secure their NBA championship and became the first team to overcome a 3-1 deficit in the finals.By doing so, the Cavaliers also became Cleveland’s first major professional sports team to win a title since the 1964 Browns. The Cavaliers-Warriors 2016 finals series marked the first time in NBA history both teams entered Game 7 with the same exact number of points (610). The deciding matchup itself included 20 lead changes and 11 ties as Cleveland won 93-89.LeBron James, who crafted a 27-point, 11-rebound, 11-assist triple-double, secured his third career NBA Finals MVP after becoming the first player ever to lead all players in a playoff series in points, rebounds, assists, steals and blocks. Kyrie Irving chipped in 26 points and […]
Related
Seattle Sounders vs Atletico Madrid live updates: Club World Cup 2025 predictions, team news, latest score
Hello everyone and welcome along to The Athletic, where today we're covering Seattle Sounders vs Atletico Madrid.The Club World Cup, hosted in the United States, continues today with four fixtures, including MLS side Sounders taking on Spanish giants Atletico.Ahead of kick-off in a few hours, we're hosting coverage encompassing build-up, stats, quotes, and all the info you could ever ask for.So stick around. We've got you from here.
Inter Miami vs Porto live updates: Lionel Messi starts Club World Cup 2025 game latest score and goal alerts
It is fair to say the inclusion of Lionel Messi’s Inter Miami as host representatives at this Club World Cup raised a few eyebrows.Inter Miami qualified after winning the 2024 Supporters’ Shield, which is awarded to the MLS team with the best regular-season record — but that is not the national championship, which is decided by the subsequent play-off tournament and eventually sees the MLS Cup awarded to the winners.In past Club World Cup editions, the host nation’s top league champions were awarded a bonus qualification spot as hosts. Inter Miami were knocked out in the first round by Atlanta United, with LA Galaxy going on to beat New York Red Bulls in the final.Still, the bonus is Miami’s inclusion means Messi and his former Barcelona team-mates Luis Suarez, Sergio Busquets and Jordi Alba, all get the chance to be […]
Shedeur Sanders’ ticket for allegedly speeding over 100 mph wasn’t his first since joining Browns
Shedeur Sanders' speeding ticket Tuesday for allegedly driving more than 100 mph wasn't his first since joining the Cleveland Browns.Per Cleveland.com, the Browns' rookie quarterback was previously cited by the Ohio State Highway Patrol on June 6 for speeding in the Cleveland suburb of Medina, Ohio. Details of the the incident, including how fast Sanders was allegedly driving, are not clear from police records.AdvertisementAdvertisementAdvertisementPer court records obtained by Cleveland.com, Sanders missed a June 16 arraignment related to the infraction. It's not clear from the report if Sanders was required to show up in court or if he had the option of paying a fine that would absolve him from his court date. Court records state that the ticket was for $150 and that additional costs raised the total fine to $249.On June 17 — the night after his scheduled court […]
Pacers vs. Thunder odds: Best bets, predictions for NBA Finals Game 6
The Oklahoma City Thunder won yet another home game this postseason on Monday night, beating the Indiana Pacers 120-109 in Game 5 of the 2025 NBA Finals and covering as 9.5-point favorites. The game went over the total for the second time this series.The Thunder opened as 4.5-point road favorites in Indianapolis tonight, but the line shifted to -6.5 at BetMGM after news that Pacers guard Tyrese Haliburton has a strained right calf and will be listed as a game-time decision. The total also dropped a point to 223.5 to 222.5 off the news, and went down to 221.5 — before coming back up to 222.5 at the time of publication.AdvertisementAdvertisementAdvertisementThe public is backing Oklahoma City to cover, with 58% of the bets and 61% of the total dollars wagered on Thunder -5.5 at BetMGM sportsbooks.Yahoo Sports asked handicapper Jon […]
Další zápas na MS klubů přerušila bouřka. Fotbalisté Palmeiras i tak zdolali al-Ahlí
V prvním poločase dostal útočník Palmeiras Venga za zákrok na Zizu červenou kartu. Po intervenci videorozhodčího a zhlédnutí opakovaných záběrů ale hlavní sudí Taylor změnil původní verdikt a hráči brazilského celku udělil jen žlutou.Palmeiras pak rozhodli o výhře v úvodu druhého poločasu. Nejprve si dal vlastní gól Alí, poté se trefil střídající López. V 63. minutě Taylor utkání hrané v East Rutherfordu, kde šampionát 13. července vyvrcholí, přerušil kvůli bouřce. Počasí ovlivnilo i středeční duel mezi Salcburkem a Pachucou v Cincinnati, kde se nehrálo 90 minut.Palmeiras have the best fans in the Club World Cup so far.The game vs Al Ahly was interrupted due to weather conditions so the Brazilians 🇧🇷 brought the party into the covered area.pic.twitter.com/Blfj4gFUOG— Tactical Manager (@ManagerTactical) June 19, 2025 Rozhodčí jsou na turnaji vybaveni zařízením, které zaznamenává bouřku do vzdálenosti 10 kilometrů. Jakmile se bouřkový mrak v tomto dosahu objeví, protokol FIFA nařizuje přerušení utkání, dokud se podmínky nezlepší.Hrát […]
Thunder vs. Pacers live updates: 2025 NBA Finals Game 6 start time, picks and predictions
On this date, in 2016, the Cleveland Cavaliers defeated the 73-win Golden State Warriors in a classic Game 7 to secure their NBA championship and became the first team to overcome a 3-1 deficit in the finals.By doing so, the Cavaliers also became Cleveland’s first major professional sports team to win a title since the 1964 Browns. The Cavaliers-Warriors 2016 finals series marked the first time in NBA history both teams entered Game 7 with the same exact number of points (610). The deciding matchup itself included 20 lead changes and 11 ties as Cleveland won 93-89.LeBron James, who crafted a 27-point, 11-rebound, 11-assist triple-double, secured his third career NBA Finals MVP after becoming the first player ever to lead all players in a playoff series in points, rebounds, assists, steals and blocks. Kyrie Irving chipped in 26 points and […]
Be the first to leave a comment