BREAKING: Businessman Mark Walter is poised to present his $10 billion bid to acquire the Los Angeles Lakers to the NBA’s Advisory Finance Committee today, signaling a potential shift in the franchise’s ownership landscape. Sources confirm that if approved, Walter could become the majority owner by the end of the month.
The NBA committee will evaluate Walter’s substantial bid for a controlling share from the Buss family, with a recommendation to the Board of Governors expected shortly thereafter. A vote could occur as soon as next week, marking a historic moment in sports ownership.
If Walter’s bid is accepted, it would smash the previous record set by Josh Harris, whose acquisition of the Washington Commanders for $6.05 billion in 2023 stands as the highest to date. This new valuation for the Lakers would not only redefine the franchise’s status but also solidify Walter’s position as a key player in the sports business arena.
Walter is no stranger to high-stakes investments; he currently owns the Los Angeles Dodgers and has holdings in multiple sports franchises, including the WNBA’s Los Angeles Sparks and Chelsea FC of the English Premier League. His ownership of the Dodgers, acquired for $2.15 billion in 2012, has proven to be a lucrative venture, with current valuations ranging between $6.8 billion and $7.73 billion.
The Buss family is expected to retain a minority stake of over 15%, enabling Jeanie Buss to maintain her role as Lakers Governor for the foreseeable future. This arrangement could provide continuity in leadership as the franchise transitions to new ownership.
As the World Series kicks off tonight in Toronto, all eyes will be on Walter, who is balancing this high-profile bid with his responsibilities toward the Dodgers. The potential acquisition of the Lakers not only reflects his growing portfolio but also speaks to the evolving landscape of professional sports ownership.
This developing story is generating significant attention as fans and analysts alike await the committee’s decision. The implications of this sale could reshape the dynamics of the NBA and set a new benchmark for franchise valuations.
Stay tuned for updates as this story unfolds. The future of the Lakers—and the NBA at large—could be on the brink of a monumental change.
