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A $10 Billion Shockwave: Lakers’ Ownership Shift Signals a New Era, but Jeanie Buss Stays at the Helm

September 18, 2025 by Phuong Nguyen Leave a Comment

A $10 Billion Shockwave: Lakers’ Ownership Shift Signals a New Era, but Jeanie Buss Stays at the Helm

The NBA world has rarely seen a headline quite like this: the Buss family, long synonymous with the Los Angeles Lakers, has sold a majority stake in the storied franchise to billionaire businessman Mark Walter in a deal valued at roughly $10 billion. The price tag alone makes it one of the largest sports franchise sales in history, a move that has stunned fans, analysts, and even rival executives across the league. Yet amid the blockbuster numbers and speculation about the future, one detail provides a sense of continuity: Jeanie Buss will remain the controlling figure in charge of day-to-day operations, ensuring that the Buss legacy is not erased even as ownership shifts dramatically.

For decades, the Buss family has been inseparable from the Lakers’ identity. Since the late Dr. Jerry Buss purchased the team in 1979, the franchise has captured 11 NBA championships, transformed into a global brand, and attracted some of the game’s greatest icons—from Magic Johnson and Kareem Abdul-Jabbar to Kobe Bryant, Shaquille O’Neal, and now LeBron James. The purple and gold have not only represented basketball excellence but also Hollywood glamour, celebrity culture, and global influence.

I am controlling owner of the LA Lakers, I'm held accountable for every  decision": Head

The sale, therefore, marks a turning point. By relinquishing a majority stake, the Buss family has broken with tradition, shifting from majority owners to custodians of legacy. The figure at the center of this balancing act is Jeanie Buss, who assumed control of the Lakers in 2017 after a well-documented power struggle within the family. Jeanie’s leadership brought stability, and under her watch the Lakers secured the 2020 NBA championship in the Orlando bubble—a title that both honored her late father’s vision and solidified her own credibility as a leader.

Mark Walter, the billionaire investor stepping into majority ownership, is no stranger to the sports world. As the co-owner of the Los Angeles Dodgers, he has overseen the baseball franchise’s resurgence into perennial contention. His reputation as a patient but ambitious owner has already sparked speculation about how his influence could reshape the Lakers’ financial and competitive strategies. Will the Lakers see greater investment in player development, facilities, or global outreach? Could the franchise adopt elements of Walter’s Dodgers blueprint, blending tradition with aggressive modernization?

Still, Jeanie Buss’ continued role as controlling governor provides reassurance. NBA Commissioner Adam Silver and league executives have long valued stability in marquee franchises, particularly the Lakers, whose cultural impact extends far beyond basketball. By retaining Jeanie at the helm, the deal ensures that the Lakers’ identity remains anchored to its roots, even as new capital and vision flow into the organization.

Financially, the $10 billion valuation underscores the extraordinary power of the NBA brand. Just a decade ago, few could have imagined such numbers for a basketball franchise. But the Lakers are no ordinary team. Their combination of global fanbase, championship pedigree, Los Angeles market size, and cultural resonance makes them arguably the league’s most valuable asset. For Walter, this purchase is not just an investment in a team, but in one of the most recognizable sports brands in the world.

Jeanie Buss breaks silence on record-breaking $10 billion Lakers sale as  timeline becomes clear - Yahoo Sports

For fans, the deal evokes mixed emotions. On one hand, it represents change at a scale rarely seen in professional sports, raising questions about tradition and loyalty. On the other, it promises renewed resources and long-term stability in an era where financial clout often dictates competitive success. If Walter’s arrival brings deeper pockets and new strategic direction, the Lakers may find themselves better equipped to navigate the post-LeBron era and compete with rising Western Conference powers.

The bigger question is symbolic: can the Lakers maintain the Buss family’s aura of stewardship while embracing a new majority owner? Jeanie Buss has often spoken about her father’s philosophy—that the Lakers are not just a business but a family, an entertainment spectacle, and a commitment to excellence. Preserving that ethos while accommodating a billionaire investor’s ambitions will define this new chapter.

As the news continues to ripple across the sports world, one fact stands out: the Los Angeles Lakers have entered uncharted territory. A $10 billion sale may reshape the franchise’s future, but with Jeanie Buss still guiding the ship, the heart of the purple and gold beats on. For now, Lakers fans can take comfort in knowing that while the business side of the team evolves, the family legacy remains very much alive.

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