The Buss family has reportedly entered an agreement to sell their majority ownership of the Los Angeles Lakers.
According to ESPN insider Shams Charania, Mark Walter – the CEO and chairman of TWG Global – is the interested buyer.
Jeanie Buss will reportedly stay in her current position as Governor of the team.
Walter has owned a stake in the Lakers since 2021 and has interests in a number of sports teams including the Dodgers, Los Angeles Sparks of the WNBA and Cadillac F1.
More to follow.
The Buss family has entered an agreement to sell their majority ownership of the Lakers
The Lakers have been owned by the Buss family since 1979, when Jerry Buss purchased the franchise for $67.5 million. His daughter, Jeanie (pictured), now runs the team.
