A New Chapter for the Lakers with Mark Walter
The Los Angeles Lakers are entering a new era as reports reveal the Buss family will sell a majority ownership stake to Mark Walter. This landmark move values the Lakers at $10 billion—the highest ever for a sports franchise. Jeanie Buss is expected to retain her role in the organization as part of the agreement. Mark Walter’s rise to majority owner marks a historic moment in lakers news, reflecting decades of success under Dr. Jerry Buss.
Background of the Lakers Sale
Dr. Jerry Buss purchased the Lakers in 1979, and under the buss family watch, the franchise won 11 championships and became a global sports brand. In 2021, Mark Walter first acquired roughly 26% of the Lakers by agreeing to a deal with Philip Anschutz for $1.35 billion, valuing the team at $5 billion. That agreement included the right of first refusal if the buss family chose to sell more shares. Now, with the majority stake sale, Walter’s role shifts from investor to principal owner of the la lakers.
Who Is Mark Walter?
Mark Walter, 65, is CEO of Guggenheim Partners and CEO and founder of TWG Global. He grew up in Cedar Rapids, Iowa, attended Creighton University, and earned his doctorate at Northwestern University. According to Forbes, mark walter net worth is estimated at $6.1 billion, though reports have varied. As a long-time investor in sports and other industries, Walter’s involvement in lakers sale reflects his broader interests and reach.
TWG Global and Guggenheim Partners Influence
TWG Global, created by Walter, is a holding company and investment vehicle across industries such as financial services, insurance, artificial intelligence, technology, sports and entertainment, and merchant banking. Reports note TWG Global manages more than $340 billion in assets. Guggenheim Partners, where Walter serves as CEO, further highlights his background in global investment and advisory services.
Mark Walter’s Sports Portfolio
Beyond the Lakers, Walter already owns or holds major stakes in several high-profile sports teams:
- Los Angeles Dodgers: As part of Guggenheim Baseball Management, Walter joined Magic Johnson and others to purchase the Dodgers in 2012 for $2.2 billion. Under their watch, the dodgers owner group has overseen 11 division championships, 12 straight postseason appearances, and two World Series titles. Other owners include Todd Boehly, Peter Guber, Stan Kasten, Bobby Patton, Billie Jean King, Ilana Kloss, Alan Smolinisky, and Robert L. Plummer.
- Los Angeles Sparks: Walter and Magic Johnson led the ownership group that bought the Sparks in 2014. The team won the WNBA championship in 2016 and returned to the finals in 2017.
- Andretti Global: Walter’s group invests in auto racing and operates the Cadillac Formula 1 team.
- Professional Women’s Hockey League (PWHL): Walter is a primary owner in the new women’s hockey league.
- BlueCo Stake: He owns 12.7% of BlueCo, the holding company controlling Chelsea and RC Strasbourg.
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Impact of Mark Walter Joining as Lakers Owner
Mark Walter’s ownership of the Lakers follows his pattern of investing heavily in team infrastructure and talent. His experience with the dodgers owner group showed a willingness to invest both on and off the field to ensure sustainable success. Lakers fans and lakers news outlets will follow how Walter collaborates with Jeanie Buss and the existing front office to maintain the franchise’s championship aspirations.
Looking Ahead for the Los Angeles Lakers
With mark walter lakers ownership confirmed, the Lakers sale signals a new phase for the franchise. Jeanie Buss retaining her position offers continuity, while Walter’s track record suggests potential investments in resources and strategy. As discussions unfold, many will watch how this ownership change shapes the team’s direction, culture, and pursuit of future titles.
Stay tuned for more on Mark Walter’s role with the Lakers, TWG Global’s influence. And all the latest Lakers news on TNN. More us news today and latest canada news today.
