When expected to close $ 10 billion

The $ 10 billion sells Los Angeles Lakers for Businessman Mark Walter is expected to close in the third or fourth quarter From this year, according to the associated press. The transaction marks the most expensive sale of franchises in sports history and ends with business families who control the ownership of it after 46 years.

In a joint statement released on Wednesday, the parties confirmed that Jeanie buses will stay in her role of the team governor and continue to monitor everyday operations “for the foreseeable future.” The arrangement maintains the level of organizational continuity, while inserting in the new financial era under Valter, which was a minority owner of the team of 2021. years.

The family in the bus held a control interest in Lakers since 1979. years, when the buses were dr. Jerry bought a franchise. Under his leadership and later under Jeanie buses, Lakers won 11 NBA championships and became one of the most famous brands in global sports.

“From the day our father bought Lakers, we were determined to deliver what the city of Los Angeles deserves and demands the victory in victory – mercilessly – and to do it with passion and style,” Jeanie said, Jeanie buses.

Mark Valter’s sports portfolio and shared values ​​position Lakers for a new era of ownership

Praise is Valter’s harmonization with the basic values ​​of the franchise and described it as a “excellent partner” in the last four years.

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Walter is the president and director of the TVG global, diversified Holding company with investments in several professional sports. His portfolio includes ownership roles in MLB Los Angeles Dodgers, VNBA’s Los Angeles Sparks, professional women’s hockey league, Billie Jean King Cup and Tim Cadillac Formula 1.

Walter expressed the admiration of the legacy at the Lekers, stating the historic standard of the team and widespread cultural influence.

“Lakers were one of the latest franchises in sports for a long time,” Walter said. “Since Dr. Jerry buses first bought the team in 1979. years, they truly set the basketball standard in one era of another, which you can find people in the world in the world carrying T-shirts and jerseys.”

$ 10 billion evaluation exceeds previous franchise sales records including Boston Celtics’ 6.1 billion dollar contract earlier this year. Sales also comes into a transitional moment for Lakers, which were eliminated in the first round of the playoffs in the first round 2025. NBA playoffs and face critical offsaesi as they are It is built around Luka Dončić and a decision of a 40-year-old LeBron James is awaiting.

With a transaction that is expected to be finalized this year, Lejkovište is ready to enter a new chapter of ownership while maintaining connections towards their historical past through continued participation of Jeanie Buss.