The Los Angeles Lakers, a cornerstone of NBA prestige, have officially been sold for approximately $10 billion, marking the largest transaction in U.S. professional sports history, according to ESPN’s Shams Charania.

Jeanie Buss and her family sold their 66% majority stake to billionaire investor Mark Walter, CEO of TWG Global and Guggenheim Partners and the owner of the LA Dodgers in MLB, in a game-changing deal that eclipses the Boston Celtics’ $6.1 billion sale earlier this year.

Jerry Buss purchased the Lakers in 1979 for $67.5 million, transforming them into a dynasty. Under his stewardship – and later that of Jeanie – the franchise won 11 championships. Today’s deal ends nearly 46 years of Buss family ownership while ensuring continuity; Jeanie Buss will remain team governor.

Why this matters:

• Unmatched Valuation: At $10 billion, this deal establishes a new zenith in franchise value, nearly doubling the previous high set by the Celtics .
• Walter’s Multi-Sport Empire: Walter, who also owns the Dodgers, Chelsea FC, the LA Sparks, and Cadillac F1, brings deep resources and experience in building championship-caliber organizations.
• Business-Driven Era: Observers suggest the financial demands of running a premier NBA franchise now favor experienced institutional ownership – Walter's team fits that mold .
• Star Impact: Superstar Luka Dončić celebrated the news, noting the move could solidify the Lakers' ability to retain key players like himself.

ANALYSIS: Mark Walter’s acquisition signals a new chapter for the Lakers, one that is fortified by capital, organizational expertise, and operational precision. With Jeanie Buss remaining in her role and the continued rise of superstar Luka Doncic, the franchise is poised to pursue championship ambitions backed by financial might and strategic leadership.