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WALTER'S PURCHASE OF LAKERS APPROVED
Los Angeles Times
|October 31, 2025
NBA unanimously OKs bid by the Dodgers’ controlling owner to buy franchise’s majority ownership stake.
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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