Mark Walter is on monitor to grow to be the brand new majority proprietor of the Los Angeles Lakers, with formal league approval presumably coming by the top of October, in accordance with a report from ESPN’s Ramona Shelburne.
Sources advised Shelburne that Walter is ready to current his record-breaking bid to the NBA’s Advisory Finance Committee on Friday.
Walter, who already owns a 27 % stake within the Lakers alongside enterprise companion Todd Boehly, initially bought that share in 2021. The upcoming assembly marks the following step in finalizing the deal that might make him the controlling proprietor.
The committee will consider Walter’s proposal earlier than passing its advice to the NBA’s Board of Governors, which might vote on the sale as early as the top of subsequent week.
Walter’s funding group is buying a big portion of the Buss household’s 66 % controlling stake within the franchise, valuing the Lakers at round $10 billion – a document determine for an NBA group.
Regardless of the sale, Jeanie Buss is anticipated to stay the group’s governor and public face for the foreseeable future. The Buss household will preserve at the least a 15 % possession share, the minimal required by league guidelines for a minority proprietor to take care of the governor title.
Each the Lakers and Walter beforehand confirmed that the possession switch was projected to shut in both the third or fourth quarter of 2025, pending last league approval.
If accredited as anticipated, the transfer would mark a significant shift in one in every of basketball’s most iconic franchises whereas nonetheless retaining Jeanie Buss in a management function throughout the transition.
The Lakers sale could possibly be accredited by subsequent weekend: https://t.co/RuSDGhqhLb
— Hoops Rumors (@HoopsRumors) October 25, 2025
