Live
ePaper
Search
Home > Sports > NBA approves sale of Lakers to Mark Walter

NBA approves sale of Lakers to Mark Walter

Written By: Indianews Syndication
Last Updated: October 31, 2025 09:03:44 IST

VIDEO SHOWS: FILE OF MARK WALTER / FILE OF THE LAKERS INCLUDING SHOTS OF LEBRON JAMES AND LUKA DONCIC / FILE OF DODGERS PLAYER SHOHEI OHTANI / FILE OF JEANIE BUSS / STILL PHOTO OF LATE OWNER JERRY BUSS / FILE OF CRYPTO.COM ARENA RESENDING WITH COMPLETE SCRIPT SHOWS: LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – DECEMBER 14, 2023) (REUTERS – Access All) 1.  LOS ANGELES DODGERS' PLAYER, SHOHEI OHTANI, PUTTING ON A DODGERS CAP AND POSING FOR PHOTOS WITH DODGER'S CHAIRMAN, MARK WALTER (LEFT), AND PRESIDENT OF BASEBALL OPERATIONS, ANDREW FRIEDMAN 2. WALTER (RIGHT OF OHTANI), FRIEDMAN, BALELO, DODGERS' PRESIDENT, STAN KASTEN (THIRD FROM RIGHT), DODGERS' MANAGER, DAVE ROBERTS (SECOND FROM LEFT), AND, GENERAL MANAGER, BRANDON GOMES (FAR LEFT) POSING FOR PICTURES / OTHERS LEAVING STAGE, LEAVING JUST WALTER AND OHTANI LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – OCTOBER 17, 2025) (IMAGN IMAGES – Mandatory credit: "Imagn Images") (MUTE) 3. STILL PHOTOGRAPH OF DODGERS' OWNER, MARK WALTER, REACTING, AFTER GAME FOUR OF THE NLCS PLAYOFFS 4. STILL PHOTOGRAPH OF WALTER BEING PRESENTED THE NLCS TROPHY 5. STILL PHOTOGRAPH OF WALTER, WITH DODGERS' MANAGER, DAVE ROBERTS, AFTER GAME FOUR OF THE NLCS PLAYOFFS LOS ANGELES, CALIFORNIA, UNITED STATES (OCTOBER 29, 2025) (IMAGN IMAGES – Mandatory credit: "Imagn Images") (MUTE) 6. STILL PHOTOGRAPH OF WALTER DURING THE EIGHTH INNING OF THE DODGERS' GAME FIVE OF THE WORLD SERIES AGAINST THE TORONTO BLUE JAYS TOKYO, JAPAN (FILE – MARCH 14, 2025) (JAPAN POOL – No use Japan) 7. WALTER, AND PITCHER, ROKI SASAKI, SHAKING HANDS WITH THEN-JAPANESE PRIME MINISTER, SHIGERU ISHIBA 8. VARIOUS OF WALTER (LEFT), ISHIBA (CENTRE) AND SASAKI (RIGHT) POSING FOR PHOTOS LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – SEPTEMBER 29, 2025) (REUTERS – Access all) 9. LOS ANGELES LAKERS LOGO CLOSE-UP 10. LEBRON JAMES ARRIVING FOR NEWS CONFERENCE 11. JAMES SPEAKING AT NEWS CONFERENCE (NOT A SOUNDBITE) 12. JAMES WALKING TO A TABLE LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – APRIL 30, 2025) (IMAGN IMAGES – Mandatory credit: "Imagn Images") (MUTE) 13. VARIOUS STILL PHOTOS OF JAMES IN ACTION FOR THE LAKERS DURING GAME FIVE OF THEIR FIRST ROUND PLAYOFF GAME AGAINST THE TIMBERWOLVES LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – MARCH 31, 2025) (IMAGN IMAGES – Mandatory credit: "Imagn Images") (MUTE) 14. STILL PHOTO OF JAMES SHOOTING DURING THE LAKERS’ REGULAR SEASON GAME AGAINST THE ROCKETS LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – FEBRUARY 7, 2023) (REUTERS – Access all) 15. JAMES DOING TV INTERVIEW SURROUNDED BY REPORTERS AFTER END OF LAKERS GAME IN WHICH HE SET A NEW NBA ALL-TIME SCORING RECORD 16. JAMES ON COURT AFTER GAME SPEAKING TO PEOPLE AND WALKING PAST CAMERA EL SEGUNDO, CALIFORNIA, UNITED STATES (FILE – FEBRUARY 4, 2025) (REUTERS – Access all) 17. LOS ANGELES LAKERS POINT GUARD, LUKA DONCIC, HOLDING TEAM JERSEY 18. DONCIC SPEAKING (NOT A SOUNDBITE) TOKYO, JAPAN (FILE – MARCH 19, 2025) (REUTERS – Access all) 19. OHTANI WALKING OUT TO PITCH 20. OHTANI WALKING ON PITCH AND THROWING BALL 21. VARIOUS OF OHTANI PRACTICING THROWING SANTA MONICA, CALIFORNIA, UNITED STATES (FILE – JUNE 24, 2019) (REUTERS – Access all) 22. LOS ANGELES LAKERS OWNER AND PRESIDENT, JEANIE BUSS BEING INTERVIEWED LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – NOVEMBER 19, 2018) (REUTERS – Access all) 23. JEANIE FILMING ON HER PHONE NEW YORK, NEW YORK, UNITED STATES (FILE – FEBRUARY 16, 2025) (REUTERS – Access all) 24. ACTOR AND COMEDIAN JAY MOHR WITH WIFE, JEANIE LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – FEBRUARY 15, 2011) (REUTERS – Access all) (MUTE) 25. STILL IMAGE OF LAKERS GOVERNOR JEANIE AT THE STAPLES CENTER BEFORE AN NBA GAME LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – MAY 31, 2011) (REUTERS – Access all) (MUTE) 26. STILL IMAGE OF LATE LAKERS OWNER, JERRY BUSS (RIGHT) AND HIS SON, JIM AT BASKETBALL GAME LOS ANGELES, CALIFORNIA, UNITED STATES (FILE – FEBRUARY 10, 2025) (REUTERS – Access all) (NIGHT SHOTS) 27. EXTERIOR OF CRYPTO.COM ARENA 28. VARIOUS OF FANS ENTERING THE ARENA AND STATUES OF KOBE BRYANT, JERRY WEST AND SHAQUILLE O'NEAL STORY:     The NBA Board of Governors unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter on Thursday (October 30).      The league said the transaction is expected to close shortly. The $10 billion valuation makes it the largest sale in history for a professional sports franchise.     The Buss family, which had owned a majority stake since 1979, will retain a roughly 15% stake in the team. Jeanie Buss will remain in her role as the club's governor for at least five years.     Jerry Buss, who died in 2013, originally purchased the Lakers for $67.5 million in a deal that included The Forum in Inglewood, California and the NHL's Los Angeles Kings.     Walter, 65, also holds a controlling interest in MLB's Los Angeles Dodgers and the WNBA's Sparks.     Founded in 1947, the Lakers have made 32 trips to the NBA Finals and won 17 championships, second only to the Boston Celtics with 18.     Jeanie Buss will continue to oversee day-to-day team operations for the foreseeable future.     (Production: Kurt Michael Hall)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

MORE NEWS

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?