Dodgers owner Mark Walter acquires majority stake in the Lakers, ending the Buss family’s iconic reign while retaining Jeanie Buss in charge of operations.
In a move that has sent shockwaves through the sporting world, the legendary Los Angeles Lakers have been sold for a staggering ₹86,000 crore (approximately $10 billion). The new majority owner is billionaire businessman Mark Walter, the principal owner of the Los Angeles Dodgers and co-owner of English football giant Chelsea FC.
This marks the first time in over four decades that the Lakers have changed hands, as the Buss family—stewards of the franchise since 1979—have decided to part with their majority share. Under their leadership, the Lakers became one of the most iconic teams in basketball history, winning 17 NBA championships and nurturing legends like Magic Johnson, Kobe Bryant, and LeBron James.
However, the soul of the Lakers will remain firmly in place. Jeanie Buss, daughter of late Lakers patriarch Dr. Jerry Buss, will continue to serve as the team’s governor and control the day-to-day operations. This continuity offers reassurance to Lakers fans who feared a dramatic shake-up following the sale.
Walter, known for his success in baseball and his growing presence in global sports, brings not only deep pockets but also a proven track record of building winning franchises. His investment signals belief in the Lakers’ future potential—both as a basketball powerhouse and a global brand.
The ₹86,000 crore figure makes this deal the most expensive franchise sale in sports history, far surpassing recent record-breaking sales in the NBA and NFL. It also reflects the growing value of sports franchises in the era of streaming, sponsorships, and global fan engagement.
As the Lakers turn a new chapter, expectations will soar even higher. With Mark Walter’s financial muscle and Jeanie Buss’s leadership, fans will be watching closely to see whether this historic transition can usher in another golden age of Purple and Gold glory.
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