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WALTER'S PURCHASE OF LAKERS APPROVED

October 31, 2025

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Los Angeles Times

NBA unanimously OKs bid by the Dodgers’ controlling owner to buy franchise’s majority ownership stake.

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WALTER'S PURCHASE OF LAKERS APPROVED

MARK WALTER expands his reach on L.A. sports landscape.

(WALLY SKALIJ Los Angeles Times)

The NBA board of governors unanimously approved Mark Walter's bid to buy a majority stake in the Lakers on Thursday, the league announced, marking a major shift for one of L.A.’s most significant sports teams.

The Lakers had been a family-run team since Dr. Jerry Buss bought the franchise in 1979. When he died in 2013, control went into a family trust with daughter Jeanie Buss acting as the team's governor. The Buss family built the team into one of the most recognizable brands in sports, eventually attracting a record-breaking $10-billion valuation.

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