{"id":115330,"date":"2025-06-19T11:30:10","date_gmt":"2025-06-19T11:30:10","guid":{"rendered":"https:\/\/www.rawchili.com\/mlb\/115330\/"},"modified":"2025-06-19T11:30:10","modified_gmt":"2025-06-19T11:30:10","slug":"who-is-mark-walter-the-billionaire-dodgers-owner-buying-la-lakers-from-buss-family","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/mlb\/115330\/","title":{"rendered":"Who is Mark Walter, the billionaire Dodgers owner buying LA Lakers from Buss family?"},"content":{"rendered":"

Billionaire Mark Walter is buying the Los Angeles Lakers (LA Lakers<\/a>) for a whopping $10 billion from the Buss family that has held the National Basketball Association (NBA) franchise for 46 years, according to an ESPN report, citing sources.<\/p>\n

The iconic franchise has won 17 NBA<\/a> titles, and is second only after the Boston Celtics.<\/p>\n

The Buss family will sell its majority stake to Walters, who also owns the LA Dodgers<\/a> baseball franchise. This comes after he purchase a stake in the franchise in 2021, and agreed to get \u201cright of refusal\u201d if a majority stake was ever put up for sale, according to a Bloomberg report.<\/p>\n

Notably, the Buss family purchased the Lakers for $67.5 million in 1979; and Jeanie Buss, who has helmed the team since her father Jerry Buss died in 2013, will continue to hold that role, the report said.<\/p>\n

Whopping $10 billion price tag a record in American sports<\/p>\n

Notably, the $10 billion valuation is a record breaker \u2014 exceeding that $6.1 billion price tag for the Celtics<\/a> in March 2025, when it was bought by a group led by Bill Chisholm, as per the Bloomberg report.<\/p>\n

Outside of the NBA, the next largest sale was the $6.05 billion deal for the National Football Leagues’s Washington Commanders, bought by Josh Harris, co-founder of Apollo Management, the BB report added.<\/p>\n

Other expensive deals in the US sports space this year include, the NBA’s Phoenix Suns being purchased by Mat Ishbia for $4 billion; the Dallas Mavericks’ $3.5 billion sale to the Adelson family; and former NBA superstar Michael Jordan<\/a>‘s $3 billion sale of the Charlotte Hornets.<\/p>\n

Who is Mark Walter?<\/p>\n

Worth $12.5 billion according to the Bloomberg Billionaire Index (BBI), Mark Walter is the CEO of Guggenheim Partners LLC, a financial services firm with over $325 billion in assets.<\/p>\n

In sports, he is the CEO of holding company TWG Global, which owns baseball sports franchise the LA Dodgers, and the Women’s NBA team LA Sparks; besides owning the newly formed Cadillac Formula One team, the Billie Jean King Cup tennis<\/a> tournament and the professional women\u2019s hockey league, according to reports by AFP and Bloomberg.<\/p>\n

He is also part of the ownership group of English Premier<\/a> League (EPL) football club Chelsea, the AFP report added.<\/p>\n

(With inputs from Bloomberg and AFP)<\/p>\n","protected":false},"excerpt":{"rendered":"Billionaire Mark Walter is buying the Los Angeles Lakers (LA Lakers) for a whopping $10 billion from the…\n","protected":false},"author":2,"featured_media":115331,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2406],"tags":[25061,25066,5,1696,25067,25063,24957,39,1165,4332,25064,4333,343,774,57,16797,3224,4331,24934,4,260,25062,185,609,25065],"class_list":{"0":"post-115330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles-dodgers","8":"tag-10-billion","9":"tag-10-billion-record","10":"tag-baseball","11":"tag-basketball","12":"tag-basketball-team","13":"tag-billionaire","14":"tag-buss-family","15":"tag-dodgers","16":"tag-la","17":"tag-la-dodgers","18":"tag-la-lakers","19":"tag-ladodgers","20":"tag-league","21":"tag-los-angeles","22":"tag-los-angeles-dodgers","23":"tag-los-angeles-lakers","24":"tag-losangeles","25":"tag-losangelesdodgers","26":"tag-mark-walter","27":"tag-mlb","28":"tag-nba","29":"tag-nba-championships","30":"tag-sports","31":"tag-us","32":"tag-us-sports"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@mlb\/114709805746843268","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/115330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/comments?post=115330"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/115330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media\/115331"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media?parent=115330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/categories?post=115330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/tags?post=115330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}