Mark Walter Presents $10B Lakers Bid to NBA Committee

Mark Walter is poised to become the majority owner of the Los Angeles Lakers following a bid valued at approximately $10 billion, which is currently under review by the NBA's Advisory Finance Committee and expected to be voted on by the NBA Board of Governors by the end of the month. The committee's review focuses on the financial structure, ownership percentages, and compliance with league rules, including cross-ownership and governance rights, given Walter's extensive sports portfolio that includes the Los Angeles Dodgers, Los Angeles Sparks, and stakes in Chelsea FC. Approval of this deal would set a new record for NBA franchise valuations, surpassing previous high-profile purchases such as the Washington Commanders and Boston Celtics. Despite the sale, the Buss family will maintain a minority stake of over 15%, with Jeanie Buss continuing her role with the Lakers. Walter's acquisition underscores a significant milestone in sports franchise valuations and consolidates his position as a major figure in professional sports ownership. The transaction is anticipated to close swiftly pending the final approvals, reflecting the league's expedited processes for well-vetted ownership groups.