Lakers Sold to Mark Walter in $10 Billion Deal
Lakers Sold to Mark Walter in $10 Billion Deal
Updated at: August 14, 2026 at 02:15 AM
The Los Angeles Lakers have witnessed a whirlwind of historic ownership changes recently.
nounLakers
verbwitness
nounwhirlwind
In June 2025, the Buss family sold a controlling stake to Mark Walter, CEO of Guggenheim Partners, in a landmark $10 billion deal.
nounJune
verbsell
adjectivecontrolling
adjectivelandmark
noundeal
However, the tenure of the new owner was brief.
nountenure
adjectivebrief
Following federal investigations into his financial dealings, Mark Walter sold the franchise on August 12, 2026.
verbsell
This sale broke the record set just one year prior, officially making the Lakers the most expensive sports franchise ever sold in the United States.
nounLakers
verbsell
