**Mark Walter to Acquire Majority Stake in Los Angeles Lakers**
**Meta Description:** Businessman Mark Walter is set to acquire a majority stake in the Los Angeles Lakers, valuing the franchise at $10 billion, with Jeanie Buss remaining as governor.
**URL Slug:** mark-walter-lakers-acquisition
**Mark Walter to Acquire Majority Stake in Los Angeles Lakers**
Businessman Mark Walter is poised to finalize his acquisition of a majority ownership stake in the Los Angeles Lakers, a deal that values the iconic franchise at an impressive $10 billion. The transaction is expected to close in the third or fourth quarter of this year.
In a joint statement released on Wednesday, it was confirmed that Jeanie Buss, who has overseen the team for 46 years as part of her family’s legacy, will continue as the governor of the Lakers. She will maintain her role in managing the team’s daily operations for the foreseeable future. Walter, who has been a minority owner of the Lakers since 2021, expressed his enthusiasm for the partnership, emphasizing shared values with Buss regarding the team’s commitment to excellence.
Jeanie Buss reflected on her family’s long-standing dedication to the Lakers, stating, “From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning — relentlessly — and to doing so with passion and with style.” She added that her relationship with Walter has grown over the years, and she is excited to continue working together to uphold the Lakers’ remarkable legacy.
Walter, who serves as the chairman and CEO of TWG Global, a diversified holding company, holds ownership stakes in several sports franchises, including the Los Angeles Dodgers and the WNBA’s Los Angeles Sparks. He acknowledged the Lakers’ status as one of the most iconic franchises in sports history, noting, “Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another.”
This acquisition comes shortly after Bill Chisholm’s agreement to purchase the Boston Celtics, which was initially valued at $6.1 billion, potentially setting a new record for franchise sales. The Celtics’ sale is still pending final approval from the NBA’s board of governors.
As the Lakers prepare for this new chapter under Walter’s majority ownership, fans and stakeholders alike are eager to see how this transition will impact the team’s future and its ongoing pursuit of excellence in the NBA.
**FAQ**
**Q: Who is Mark Walter?**
A: Mark Walter is the chairman and CEO of TWG Global and a minority owner of the Los Angeles Lakers since 2021. He is set to acquire a majority stake in the team, valued at $10 billion.
