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 crew 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 may be a lot to stay up for with the Lakers’ future however for now, listed here are the preliminary reactions to the franchise being offered:
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 offered 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 at the moment are outfitted with the extremely deep pockets which have made the Dodgers into the juggernaut they’re.
It is a really momentous day for the complete NBA panorama.
— Anthony F. Irwin (@AnthonyIrwinLA) June 18, 2025
A 10b Lakers valuation isn’t stunning in any respect. In 2021, AEG offered 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 growth tag will probably be 6b.
— Invoice Simmons (@BillSimmons) June 18, 2025
Laker followers needs to be estatic. A number of issues I can let you know about Mark – he’s pushed by successful, excellence, and doing every part the precise method. AND he’ll put within the sources wanted to win! I can perceive why Jeanie offered the crew to Mark Walter as a result of they’re simply alike -…
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
