n a seismic shift for one of the NBA’s most iconic franchises, the Buss family has reportedly entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of TWG Global — a diversified holding company known for its sports and media investments — according to @ShamsCharania.
The deal marks the end of an era, as the Buss family has overseen the Lakers for decades, guiding the team to 11 NBA championships under their stewardship. While ownership changes are always impactful, Jeanie Buss will remain in her role as Governor of the Lakers, providing continuity during this transition of power.
Mark Walter, also a co-owner of the Los Angeles Dodgers and Chelsea F.C., brings a deep understanding of high-level sports franchise operations and is expected to invest heavily in the future of the Lakers both on and off the court.
The NBA community and fans worldwide will now watch closely as this next chapter begins for the purple and gold.
