Sources: Walter Submits Lakers Bid to NBA

Businessman Mark Walter is preparing to present his bid to acquire the Los Angeles Lakers. This proposal will be reviewed by the NBA’s Advisory Finance Committee. If approved, Walter could become the franchise’s majority owner by the end of October 2025.

Details of the Lakers Bid

Walter’s bid is valued at an impressive $10 billion. This amount aims to secure a controlling share of the Lakers from the Buss family. The committee will assess this proposal and may make a recommendation to the Board of Governors. A vote could potentially take place within a week.

Historical Context of the Bid

If successful, this acquisition will break the previous record for a sports franchise purchase. In 2023, Josh Harris acquired the Washington Commanders for $6.05 billion. Following that, Bill Chisholm purchased the Boston Celtics for $6.1 billion in July 2025.

Walter’s Ownership Portfolio

Should the deal go through, Walter will control one of the most valuable collections of sports franchises worldwide. Currently, he is the majority owner of the Los Angeles Dodgers, who are set to compete in the World Series. Additionally, he owns the WNBA’s Los Angeles Sparks, the Billie Jean King Cup, and the new Cadillac Formula 1 team. Walter is also a part owner of Chelsea FC in the English Premier League.

Impact on the Buss Family

Despite the sale, the Buss family will maintain a minority ownership share of over 15%. This arrangement allows Jeanie Buss, the governor of the Lakers, to continue her leadership role. The deal reflects a significant transition within one of the NBA’s most iconic franchises.

Conclusion

Mark Walter’s potential acquisition of the Lakers marks a pivotal moment in sports ownership. With a historical bid of $10 billion, it underscores the growing value of professional sports teams in today’s landscape. As the process unfolds, fans and stakeholders will be watching closely.