Los Angeles Lakers will be sold for a record price: 10,000 million dollars | Basketball | Mark Walter


Slovenian Luka Doncic, base and figure of Los Angeles Lakers.

Slovenian Luka Doncic, base and figure of Los Angeles Lakers.

Photo: EFE – Caroline Brehman

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Los Angeles Lakers of LeBron James and Luka Doncic will be sold for about 10,000 million dollars in a record operation in the NBA history, the ESPN chain advanced on Wednesday.

The Buss family, historical owner of the Lakers, will yield their majority participation in the franchise to billionaire Mark Walter, which already has a part of the actions, according to the report of the American sports television.

The agreement would end 47 years of control of the Lakers from the Buss family, although the current leader, Jeanie Buss, would continue to hold the president, according to the report.

Mark Walter is the executive director of the Global Holding TWG, who has built an impressive portfolio of professional sports teams, including the Los Angeles Dodgers, current Baseball Major Leagues Champions, and Los Angeles Sparks of the Women's Basquet League (WNBA). The Copmañía also owns the Billie Jean King Cup of female tennis and the Cadillac team, close to joining the formula one.

The loss of the Buss family control over the Lakers, the NBA most laureate franchise with the Boston Celtics, marks the end of an era in American sport. The team was acquired in 1979 by Magnate Jerry Buss, who made it a sports power and a worldwide recognized brand.

The best option, according to 'Magic' Johnson

The Buss era held 11 titles of the Lakers, more than any other team in the same period, and covered golden times as that of the fascinating 'Showtime' led in the 1980s by Earvin 'Magic Johnson', reflected in the recent HBO series 'Winning Time'.

“Mark is the best option and will be the best brand guardian,” said 'Magic' himself. “I know that Jeanie (Buss) would only have considered selling the organization of the Lakers to someone who knew and who would trust to continue with the legacy of the Buss,” said the former player, who is a minority partner of the Dodgers.

“Now you can spend the witness with tranquility to Mark Walter, with whom he has a real friendship and who can trust,” he said. “Both are extremely intelligent, visionaries, great leaders and have had a positive impact on the community of the great Los Angeles.”

In this century, the Lakers also conquered a triplet of championships in a row between 2000 and 2002 under the lead of the late Kobe Bryant. The last of the 17 rings of the franchise arrived in 2020 with a squad of stars led by LeBron James.

The Lakers have assured the succession of 'King James', 40, having done this year with the new icon of the franchise, the Slovenian Luka Doncic. The Austin Reaves escort and the Japanese eaves Rui Hachimura also stand out on the payroll.

Walter is a minority owner of the Lakers since 2021, in an operation that gave him the right of scoring in case the Buss family decided to sell the club. The operation arrives only a few months after the Celtics were also sold for about 6.1 billion dollars, then the League record.

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