- 6/16/2026 3:17:49 PM
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In a monumental shift for professional basketball, the iconic Los Angeles Lakers have been sold, concluding a multi-decade ownership by the Buss family. The new controlling owner is a prominent figure from the world of Major League Baseball, Mark Walter, the principal owner of the Los Angeles Dodgers.
The Buss family trust, which has guided the franchise since 1979, has entered into a definitive agreement to transfer its controlling interest. While the transaction requires formal approval from the NBA's Board of Governors, this step is widely considered a formality, solidifying the transfer of one of the league's most valuable and celebrated teams.
The sale marks the end of a golden era defined by unprecedented success. Under the Buss family's leadership, the Lakers became a global brand, capturing numerous NBA championships and featuring some of the greatest players in basketball history. The team's identity became synonymous with Showtime glamour, championship expectations, and a star-powered roster.
Mark Walter, through his ownership group, brings a reputation for deep financial resources and a proven track record in sports management. His tenure with the Dodgers has been marked by significant investment in both player talent and stadium enhancements, leading to consistent postseason contention. This approach suggests a potential blueprint for the Lakers' future operations.
This ownership transition raises immediate questions about the future direction of the franchise. Key areas of focus will include:
The move also creates a unique sports powerhouse in Los Angeles, with Walter now holding a controlling stake in two of the city's most high-profile franchises from different leagues.
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