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Sports Illustrated
Sports Illustrated
Sport
Eva Geitheim

Who Is New Lakers Owner Mark Walter? Walter's Wealth, History Explained

Los Angeles Dodgers co-owner Mark Walter. | Kirby Lee-Imagn Images

The Buss family reportedly is entering an agreement to sell the majority share of the Los Angeles Lakers to Mark Walter at a valuation at approximately $10 billion, ESPN's Shams Charania reported on Wednesday. This marks the largest sale of a sports franchise in American history, and a sale that values the team at nearly $4 billion more than any other American sports team.

Though Jeanie Buss will remain the Lakers' governor and run the team for several years, the future of the Lakers lies in Walter's hands.

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