We’re deep within the NBA Finals, and but the Lakers nonetheless handle to seize the headlines. The Buss household agreed to promote the Lakers to Mark Walter for a report worth in skilled sports activities franchises of $10 billion. Jerry Buss initially purchased the group for $67.5 million again in 1979, and his household will get to reap the advantages now.
Mark Walter is famously a part of the Dodgers possession together with Magic Johnson and has turned that franchise from instability to perennial contenders within the baseball universe. There’s a lot to sit up for with the Lakers’ future however for now, listed here are the preliminary reactions to the franchise being bought:
In 1979, Jerry Buss purchased the Los Angeles Lakers, Los Angeles Kings, The Discussion board, and a 13,000-acre ranch from Jack Kent Cooke for $67.5 million.
In 2025, the Buss household bought majority possession of the Lakers at a $10 billion valuation.
— Arash Markazi (@ArashMarkazi) June 18, 2025
This sale has been within the works for *years*. The Buss household will get an enormous payout and the Lakers are actually geared up with the extremely deep pockets which have made the Dodgers into the juggernaut they’re.
It is a really momentous day for all the NBA panorama.
— Anthony F. Irwin (@AnthonyIrwinLA) June 18, 2025
A 10b Lakers valuation isn’t shocking in any respect. In 2021, AEG bought its 27% Lakers stake to Walter/Boehly at a 5b valuation. Now they’re getting 66% extra at 2x that quantity from That is Buss. The brand new media deal super-charged the brand new $$. We already knew the enlargement tag shall be 6b.
— Invoice Simmons (@BillSimmons) June 18, 2025
Laker followers needs to be estatic. Just a few issues I can inform you about Mark – he’s pushed by profitable, excellence, and doing all the pieces the suitable manner. AND he’ll put within the sources wanted to win! I can perceive why Jeanie bought the group to Mark Walter as a result of they’re simply alike -…
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
