NBA Approves Mark Walter’s $10 Billion Deal for L.A. Lakers
Update: 2025-10-30
Description
Mark Walter, a billionaire CEO and sports investor, has acquired a majority stake in the Los Angeles Lakers, valued at around ten billion dollars. The Buss family retains a minority stake, with Jeanie Buss continuing as governor and managing day-to-day operations. Walter, who already owns the Dodgers and has stakes in other teams, brings a track record of success and is expected to help the Lakers maintain their status as one of the NBA's most recognized and successful brands.
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