1 year ago
Mark Walter Acquires Lakers Majority Stake in $10B Deal
Imagine the Lakers are a really big toy, and Mark Walter is going to become the main owner!
Right now, the team is worth $10 billion.
Jeanie Buss, who has helped run the team for a long time, will still be in charge of making sure everything runs smoothly.
Mark has been a small owner before, and he also owns other sports teams like the Dodgers.
The sale is expected to be finished later this year.
Mark Walter is set to acquire the majority ownership stake of the Los Angeles Lakers.
The deal values the Lakers franchise at $10 billion.
Jeanie Buss will remain governor and oversee day-to-day team operations.
Walter has been a minority owner since 2021.
The deal is expected to close in Q3 or Q4 of this year.
- Who
- Mark Walter and Jeanie Buss.
- What
- Mark Walter is acquiring the majority ownership stake of the Los Angeles Lakers.
- Where
- Los Angeles, California.
- When
- The deal is expected to close in the third or fourth quarter of the year.
- Why
- To facilitate a change in ownership and potentially bring new strategies to the Lakers.
Key facts
- Buyer
- Mark Walter
- Seller
- Jeanie Buss
- Team
- Los Angeles Lakers
- Valuation
- $10 billion
- Closing Date
- Expected Q3 or Q4 of this year
