Jeanie Buss will “remain governor of the franchise and continue to oversee all team operations on a day-to-day basis for the foreseeable future,” according to a press release Wednesday officially announcing the sale of the Los Angeles Lakers to billionaire Mark Walter.
The announcement, which comes a week after Walter agreed to purchase controlling interest in the Lakers at a record-setting $10 billion valuation, solidifies Buss’ planned role to remain in charge of the franchise.
Advertisement
The plan is for Buss to remain in the position for “years,” according to sources familiar with the agreement. The release also says the sale is expected to close in the third or fourth quarter of 2025 pending NBA approval.
“The Buss family is deeply honored to have looked after this incredible organization for almost half a century,” Buss said in the release, her first comments since the sale. “From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning – relentlessly – and to doing so with passion and with style.
“I have gotten to know Mark very well over time and been delighted to learn how he shares those same values. For the last four years, Mark has been an excellent partner to us, and we are thrilled to keep working with him to continue the Lakers’ extraordinary legacy.”
The sale to Walter, who is also the controlling owner of the Los Angeles Dodgers, was approved by a majority vote from Buss and her siblings.
Walter has transformed the Dodgers into one of baseball’s best franchises by infusing capital into the payroll and the team’s infrastructure.
“The Lakers have long been one of the most iconic franchises in sports,” Walter said in the statement. “Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another, which is why you can find people anywhere in the world wearing Lakers shirts and jerseys.
“I admire what he, Jeanie and the Buss family have built, and I know how much this special organization matters to Southern Californians and to sports fans everywhere. I also have tremendous respect for Jeanie’s continued commitment to maintaining the Lakers’ long-term vision and elite status, and I’m excited to work with her on the next era.”
(Photo: Allen J. Schaben / Los Angeles Times via Getty Images)
This news was originally published on this post .
About the author
WNBA power rankings: Even after losing their All-Star, the Golden State Valkyries look primed for the playoffs
The Golden State Valkyries have every excuse not to make the postseason. They're in their first season in existence, built from an expansion draft with no big-name stars. They lost their best player, All-Star Kayla Thornton, to a knee injury at the end of July. But no one has told the Valkyries this, as they went 8-5 in August and currently sit in sixth place in the league. They haven’t yet clinched a playoff spot, but everything points to the team heading to the postseason.So what's fueled the Valkyries on this stretch?AdvertisementAdvertisementAdvertisementAn experienced coachWhile Natalie Nakase is in her first season as a head coach, she’s been coaching since 2008. Her journey brought her to Germany, Tokyo and the NBA, where she spent 10 years with the Los Angeles Clippers. She also spent three seasons with the Aces, helping them […]
Galvão Bueno defende Samuel Lino na seleção brasileira e torcedores do Flamengo rebatem Bodão: “Não acompanha futebol”
Samuel Lino comemora gol no Maracanã (Gilvan de Souza/Flamengo)Contratado por 22 milhões de euros (R$ 143 milhões), Samuel Lino logo conquistou o status de titular no Flamengo. Diante do amplo destaque, o atacante é um dos jogadores que podem, em breve, também ganhar a confiança de Ancelotti. Convocado para o lugar de Matheus Cunha, o camisa 16 do clube carioca foi alvo de um debate acalorado na Band. PUBLICIDADE PUBLICIDADELevando em conta o período de Samuel Lino longe do Brasil, Marco Rodrigues Bodão não vê motivos para, logo de cara, a convocação virar motivo de esperança. Como o termo “desespero” esteve presente no discurso do experiente comunicador, Galvão Bueno fez questão de rebater o comentário, já que o atleta do Flamengo é um profissional bastante promissor e capaz de ganhar espaço com Ancelotti na seleção.“Conhecemos muito pouco o Samuel Lino. O Brasil é tão carente que […]
Guehi’s failed Liverpool move: Views from inside Palace explained
Marc Guehi remains a Crystal Palace player after his Deadline Day move to Liverpool collapsed.Palace and Liverpool had agreed a £35m deal for Guehi following his man-of-the-match performance in the win at Aston Villa on Sunday and he was given permission to undergo a medical in London. A deal sheet was then submitted to the Premier League to take the Guehi negotiations beyond Monday's 7pm deadline - but Palace then ultimately decided not to sell.What could the fallout be for Palace's manager, captain and owner? Sky Sports News' Kaveh Solhekol and Rob Dorsett explain... Please use Chrome browser for a more accessible video player Jamie Carragher believes Liverpool will be disappointed with missing out on Guehi but says Alexander Isak was more important Parish had a decision to makeKaveh Solhekol Deadline Days are usually nerve-wracking but this was a particularly […]
Yahoo Fantasy Plus members now get weekly BetMGM Pro Football Odds Boosts
Yahoo Fantasy players already know the edge that comes with Fantasy Plus — premium draft tools, lineup advice, trade analyzers, advanced stats and more. Now, there’s a whole new reason to join.For the 2025 NFL season, Fantasy Plus subscribers will unlock exclusive weekly BetMGM Pro Football Odds Boost Tokens. Each Promotional Week during the season, eligible BetMGM users who access the offer through their Yahoo Fantasy Plus perks page will receive a boost token worth 25% extra winnings on Pro Football wagers. The token can be used on straight bets, parlay, or same-game parlays each week before it expires.AdvertisementAdvertisementAdvertisementThat means whether you’re betting on a Sunday favorite, chasing a parlay or taking a shot on a same-game stack, Fantasy Plus makes your edge even bigger. And because you can earn a new token every week, you’ll have more opportunities to […]
Big Ten Football Power Rankings: Ohio State Leads the Way After Statement Win
<!--> [--> Michael Cohen College Football and College Basketball Writer <!--> --> The game everyone wanted to see took place at Ohio Stadium on Saturday as No. 1 Texas visited No. 3 Ohio State in a rematch of last year's College Football Playoff semifinal. It was a clash between two of the sport's biggest brands and an early tussle for supremacy between the SEC and the Big Ten, the preeminent conferences in an ever-changing landscape.When the dust finally settled, the Buckeyes emerged from this titanic showdown unscathed, thanks in large part to an exceptional defensive effort and one timely touchdown throw by sophomore quarterback Julian Sayin. The Longhorns, meanwhile, were left to ponder what their future holds following a disappointing performance from Arch Manning, no longer considered the Heisman Trophy favorite. That result puts Ohio State comfortably atop the Big Ten […]
Mike Tomlin expects Cam Heyward to play Week 1, despite All-Pro DT’s contract dispute with Steelers
Cam Heyward still doesn't have the raise he's been looking for from his Pittsburgh Steelers, but head coach Mike Tomlin believes his veteran defensive tackle will suit up for this week's season opener against the New York Jets."I'm certainly expecting Cam to play," Tomlin said Tuesday during his weekly news conference, per ESPN. "Cam doesn't play a lot in team development over the last several years. My job is to get him in and out of Latrobe, and I've done my job. And, so, there are no reservations about his participation or his readiness."AdvertisementAdvertisementAdvertisementTomlin added: "I'm sure he's champing at the bit."That said, the 36-year-old Heyward was coy about his Week 1 availability on Tuesday's episode of his podcast, "Not Just Football."Co-host Hayden Walsh asked Heyward if he'll be on the field at MetLife Stadium on Sunday."We'll see," Heyward said.Earlier […]
Related
WNBA power rankings: Even after losing their All-Star, the Golden State Valkyries look primed for the playoffs
The Golden State Valkyries have every excuse not to make the postseason. They're in their first season in existence, built from an expansion draft with no big-name stars. They lost their best player, All-Star Kayla Thornton, to a knee injury at the end of July. But no one has told the Valkyries this, as they went 8-5 in August and currently sit in sixth place in the league. They haven’t yet clinched a playoff spot, but everything points to the team heading to the postseason.So what's fueled the Valkyries on this stretch?AdvertisementAdvertisementAdvertisementAn experienced coachWhile Natalie Nakase is in her first season as a head coach, she’s been coaching since 2008. Her journey brought her to Germany, Tokyo and the NBA, where she spent 10 years with the Los Angeles Clippers. She also spent three seasons with the Aces, helping them […]
Galvão Bueno defende Samuel Lino na seleção brasileira e torcedores do Flamengo rebatem Bodão: “Não acompanha futebol”
Samuel Lino comemora gol no Maracanã (Gilvan de Souza/Flamengo)Contratado por 22 milhões de euros (R$ 143 milhões), Samuel Lino logo conquistou o status de titular no Flamengo. Diante do amplo destaque, o atacante é um dos jogadores que podem, em breve, também ganhar a confiança de Ancelotti. Convocado para o lugar de Matheus Cunha, o camisa 16 do clube carioca foi alvo de um debate acalorado na Band. PUBLICIDADE PUBLICIDADELevando em conta o período de Samuel Lino longe do Brasil, Marco Rodrigues Bodão não vê motivos para, logo de cara, a convocação virar motivo de esperança. Como o termo “desespero” esteve presente no discurso do experiente comunicador, Galvão Bueno fez questão de rebater o comentário, já que o atleta do Flamengo é um profissional bastante promissor e capaz de ganhar espaço com Ancelotti na seleção.“Conhecemos muito pouco o Samuel Lino. O Brasil é tão carente que […]
Guehi’s failed Liverpool move: Views from inside Palace explained
Marc Guehi remains a Crystal Palace player after his Deadline Day move to Liverpool collapsed.Palace and Liverpool had agreed a £35m deal for Guehi following his man-of-the-match performance in the win at Aston Villa on Sunday and he was given permission to undergo a medical in London. A deal sheet was then submitted to the Premier League to take the Guehi negotiations beyond Monday's 7pm deadline - but Palace then ultimately decided not to sell.What could the fallout be for Palace's manager, captain and owner? Sky Sports News' Kaveh Solhekol and Rob Dorsett explain... Please use Chrome browser for a more accessible video player Jamie Carragher believes Liverpool will be disappointed with missing out on Guehi but says Alexander Isak was more important Parish had a decision to makeKaveh Solhekol Deadline Days are usually nerve-wracking but this was a particularly […]
Yahoo Fantasy Plus members now get weekly BetMGM Pro Football Odds Boosts
Yahoo Fantasy players already know the edge that comes with Fantasy Plus — premium draft tools, lineup advice, trade analyzers, advanced stats and more. Now, there’s a whole new reason to join.For the 2025 NFL season, Fantasy Plus subscribers will unlock exclusive weekly BetMGM Pro Football Odds Boost Tokens. Each Promotional Week during the season, eligible BetMGM users who access the offer through their Yahoo Fantasy Plus perks page will receive a boost token worth 25% extra winnings on Pro Football wagers. The token can be used on straight bets, parlay, or same-game parlays each week before it expires.AdvertisementAdvertisementAdvertisementThat means whether you’re betting on a Sunday favorite, chasing a parlay or taking a shot on a same-game stack, Fantasy Plus makes your edge even bigger. And because you can earn a new token every week, you’ll have more opportunities to […]
Big Ten Football Power Rankings: Ohio State Leads the Way After Statement Win
<!--> [--> Michael Cohen College Football and College Basketball Writer <!--> --> The game everyone wanted to see took place at Ohio Stadium on Saturday as No. 1 Texas visited No. 3 Ohio State in a rematch of last year's College Football Playoff semifinal. It was a clash between two of the sport's biggest brands and an early tussle for supremacy between the SEC and the Big Ten, the preeminent conferences in an ever-changing landscape.When the dust finally settled, the Buckeyes emerged from this titanic showdown unscathed, thanks in large part to an exceptional defensive effort and one timely touchdown throw by sophomore quarterback Julian Sayin. The Longhorns, meanwhile, were left to ponder what their future holds following a disappointing performance from Arch Manning, no longer considered the Heisman Trophy favorite. That result puts Ohio State comfortably atop the Big Ten […]
Mike Tomlin expects Cam Heyward to play Week 1, despite All-Pro DT’s contract dispute with Steelers
Cam Heyward still doesn't have the raise he's been looking for from his Pittsburgh Steelers, but head coach Mike Tomlin believes his veteran defensive tackle will suit up for this week's season opener against the New York Jets."I'm certainly expecting Cam to play," Tomlin said Tuesday during his weekly news conference, per ESPN. "Cam doesn't play a lot in team development over the last several years. My job is to get him in and out of Latrobe, and I've done my job. And, so, there are no reservations about his participation or his readiness."AdvertisementAdvertisementAdvertisementTomlin added: "I'm sure he's champing at the bit."That said, the 36-year-old Heyward was coy about his Week 1 availability on Tuesday's episode of his podcast, "Not Just Football."Co-host Hayden Walsh asked Heyward if he'll be on the field at MetLife Stadium on Sunday."We'll see," Heyward said.Earlier […]
Be the first to leave a comment