Mark Walter Takes Control of the Los Angeles Lakers
Big news out of Los Angeles — billionaire investor Mark Walter has officially become the majority owner of the iconic Los Angeles Lakers. The NBA’s Board of Governors has now approved his purchase of a controlling stake from the Buss family, marking one of the most significant ownership shifts in modern basketball history.
This deal, which was first announced back in June, has now reached its final stage. The confirmation came from both the Lakers organization and the NBA, who noted that the transaction is expected to close very soon. For many fans, it feels like the end of an era — and the beginning of another chapter for one of the most storied franchises in sports.
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Now, even though Mark Walter will take the majority control, Jeanie Buss isn’t going anywhere just yet. She’ll remain the Lakers’ governor for at least the next five years and will continue overseeing the team’s day-to-day operations “for the foreseeable future,” as the team’s statement put it. That continuity might come as a relief to long-time fans who have seen Jeanie carry forward her father Jerry Buss’s legacy since he first bought the Lakers back in 1979.
For those unfamiliar, Mark Walter is best known as the CEO of Guggenheim Partners — a global financial services firm — and as a co-owner of several major sports franchises. He’s already a familiar name in Los Angeles sports, as he’s part of the ownership group behind the Los Angeles Dodgers. His expanding influence across the city’s sports scene now includes both baseball and basketball — two of the biggest athletic stages in the U.S.
The Lakers themselves, of course, remain one of the NBA’s crown jewels. Valued as the league’s most valuable franchise, they’ve been home to legends like Magic Johnson, Kobe Bryant, and LeBron James. Under this new ownership structure, expectations will undoubtedly stay sky-high. The big question now is how this change might shape the future of the team — both on and off the court.
So, with Mark Walter officially stepping into the role of majority owner and Jeanie Buss continuing to steer operations, the Lakers are entering a fascinating new era — one that blends fresh financial muscle with the continuity of their championship culture. Fans will be watching closely to see how this powerful partnership shapes the next phase of Lakers basketball.
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