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Sports Illustrated
Sports Illustrated
Sport
Liam McKeone

Lakers Owners Release Official Statement on Selling Team to Mark Walter

The Lakers are being sold at a valuation of $10 billion | Kirby Lee-Imagn Images

The NBA's most famous franchise will undergo significant change this offseason. The news broke earlier this month that the Buss family, who have owned the Lakers for decades, have agreed to sell majority ownership of the franchise to minority owner Mark Walter at a valuation of $10 billion.

On Wednesday morning, ahead of the 2025 NBA draft, longtime team governor Jeanie Buss released an official statement on the situation.

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