The Los Angeles Lakers are poised for a change at the top as the NBA prepares to vote on Mark Walter’s proposal to acquire a controlling interest in the franchise at a $10 billion valuation, the largest recorded sale in sports.
According to two sources cited by Front Office Sports, Walter’s longtime partner and fellow Los Angeles Dodgers co-owner, Todd Boehly, is participating in the purchase. The transaction could close by the end of this week, an accelerated timeline first reported by ESPN, with completion expected before November.
When finalized, Walter and Boehly together will control roughly 85 percent of the Lakers. Specific ownership percentages were not disclosed, but Walter will hold the majority position while Boehly becomes a limited partner. The pair already holds a 27 percent stake in the team, acquired in 2021.
Walter’s arrival would mark the first shift of majority control away from the Buss family in decades. Despite the change, Jeanie Buss is set to remain in her role overseeing day-to-day operations, a move publicly supported by Lakers legend Magic Johnson.
Walter, best known for leading Guggenheim Baseball Management and owning the Dodgers, now stands to expand his influence across another flagship Los Angeles sports property alongside Boehly, with whom he has collaborated on multiple ventures.
Source: Lakers Nation
