[Charania] BREAKING: The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell ESPN. Jeanie Buss will continue to serve in her role as Governor after the sale.

36 comments

1. Truly the end of an era. For better or worse, I suppose. Jerry bought the team in 1979 for $67.5 million. Perhaps one of the best investments in sports history.

2. WOW

   as a dodger fan this is huge news

3. Lakers fans’ 12/25

4. Christmas came early

5. They what now ?

6. LETS FUCKING GOOOOO

7. OH MY GOD! never thought id see the day i wonder what the sell price was

8. Damn

   *Jerry Buss bought the Lakers from Jack Kent Cooke in 1979 for $67.5 million, and the franchise passed to his children when he passed away in 2013. Now the iconic, 17-time championship is entering agreement to sell majority interest.*

   *Walter has been a minority stakeholder in the Lakers since 2021 and has interests in multiple professional sports organizations, including the LA Dodgers, WNBA’s Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women’s Hockey League.*

9. Oh oh… a more competently run Lakers would be dangerous for the rest of the league

10. Pretty crazy after its been in the family for so long

11. Over/Under 3 months before Jeannie is pushed aside? What rich person allows another to stand in for them in these cases?

12. I did not expect the Buss era to end this suddenly

13. This is going to get a huge “WHOA!” out of Bill Simmons

14. It’s truly going to be a new era now.

15. Lmao Lakers now owned by the best ownership in baseball, awesome

16. Jeanie better get that shit in writing or she getting ousted in less than 6 months.

17. Call me old fashioned but if my family owned a sports team I would want that shit to keep being passed down until the end of time

18. Lakers finally got a rich owner 🤑

19. WE DID IT

20. Dodgers ownership coming in to save the day like I’ve always dreamed of

21. Damn never thought I’d see the buss family sell the team. Curious to see if Jeanie actually stays or they kick her out after the sale goes through

22. Mark Walter is the king of LA

23. Now imagine the Lakers…but with deep pockets

24. other sports franchises TWG owns:

    * LA Dodgers
    * LA Sparks
    * Chelsea FC
    * RC Strasbourg Alsace
    * Andretti Global
    * Spire Motorsports
    * Cadillac F1 Team
    * Wayne Taylor Racing

    so this means Luka is gonna join Checo in F1 next year

25. Luka is about to get a billion dollar contract with 990m deferred omg

26. Rob Pelinka is in the hot seat

27. None of this Caruso nonsense will ever happen again

28. now THIS is a recession indicator.

29. The Lakers and Celtics both being sold in the same year feels like an ominous as hell bellwether…

30. AUSTIN REAVES, YOU ARE A BILLIONAIRE

31. Conveniently after Luka arrived in LA to maximize franchise value. 

32. It’s hilarious to think that the Lakers were basically the small mom & pop shop of the NBA, basically the only team whose money was the team not outside riches from the owner

33. First of all, happy International Women’s Day…

34. I wonder how much Luka increased the value of the Lakers. I mean it’s arguably the most prestigious franchise in the NBA but having Luka means avoiding years of rebuilding.

35. So THIS is why Luka was traded, to help sell the Lakers !!!??

36. Well, now we know the surprise that Ayatollah Khamenei was talking about.