June 19, 2025

In a stunning end to nearly half a century of dynasty and tradition, the Buss family—once the proud gatekeepers of the Los Angeles Lakers' storied legacy—has relinquished majority ownership of the franchise to billionaire Mark Walter in a jaw-dropping $10 billion deal. As the CEO of TWG Global and current owner of the Dodgers, Walter tightens his grip on L.A.'s sports empire, adding the crown jewel of the NBA to his ever-growing collection. Though Jeanie Buss will remain as team governor, this transaction signals a seismic cultural shift, ending the reign that began when Jerry Buss transformed a $67.5 million investment into a glittering basketball powerhouse that delivered 10 championships and global prestige. A new chapter begins—one that leaves longtime fans and traditionalists bracing for what the future of Lakers basketball may now become under corporate hands.

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