Key Highlights
- Mark Walter acquires a majority stake in the Los Angeles Lakers.
- The acquisition was approved by the NBA Board of Governors on October 30, 20259:21 AM PDT.
- Jeanie Buss will remain as Governor of the Lakers and oversee day-to-day operations.
- Walter holds controlling interests in other sports franchises including MLB’s Los Angeles Dodgers and WNBA’s Los Angeles Sparks.
New Ownership for the Los Angeles Lakers: Mark Walter’s Vision for Legacy and Innovation
The Los Angeles Lakers, one of the most iconic franchises in professional basketball, have seen a significant change in ownership. Mark Walter has acquired a majority stake in the team following unanimous approval from the NBA Board of Governors on October 30, 20259:21 AM PDT.
Walter’s Commitment to Excellence
“The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness,” stated Walter. “Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”
Continuity with Buss
Jeanie Buss will continue to oversee day-to-day operations of the team. Walter highlighted her leadership, saying, “Over the past decade, I have come to know Mark well—first as a businessman, then as a friend and now as a colleague. He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.”
Walter’s Diversified Holdings
In addition to the majority stake in the Lakers, Walter holds controlling interests in MLB’s Los Angeles Dodgers and WNBA’s Los Angeles Sparks. TWG Global, the diversified holding company he leads alongside Thomas Tull, is also involved in other ventures such as Chelsea F.C., the Cadillac Formula 1 Team, and investments in various sports and entertainment properties.
Walter’s vision extends beyond basketball to include a focus on innovation, growth, and competitive success. “TWG Sports, our division within TWG Global, was created to support and connect our affiliated teams by discovering new talent, leveraging innovative tools, and building immersive brands that deepen fan engagement,” he explained.
Philanthropic Ventures
An active philanthropist, Walter is committed to strengthening communities, expanding opportunity and access, advancing education, and promoting conservation. Through the Walter Family Foundation, he champions the protection of wildlife and the preservation of natural habitats around the world. His commitment to community engagement aligns with his vision for the Lakers as a platform for positive impact.
The acquisition by Mark Walter marks an exciting new chapter for the Los Angeles Lakers, blending tradition with modern innovation and global influence in professional sports.
