2025.06.19 18:09 (Updated 2025.06.20) | Xu Weizhe
The Los Angeles Lakers logo from the NBA. (Image: Los Angeles Lakers Facebook)
The Lakers changed owners, setting a record. The Dodgers' owner spent a whopping $300 billion to take over.
The legendary Los Angeles Lakers, an NBA team, are undergoing a historic transformation! According to ESPN, the Buss family, owners of the Lakers, have decided to sell a majority stake to Mark Walter, owner of the Los Angeles Dodgers and chairman and CEO of TWG Global, for a staggering $10 billion (approximately NT$295.9 billion), setting a new record for the largest transaction in American professional sports history.
Despite the sale of most of its shares, the Buss family will retain more than 15% ownership, and current Lakers president Jeanie Buss will continue to oversee the team's operations. The agreement stipulates that Jeanie will remain a key decision-maker for the Lakers for the next few years, with Walter Reed's full support.
Walt's extensive involvement in the sports industry, including investments in the WNBA's Los Angeles Sparks, the Billie Jean Cup, and the Cadillac Formula 1 team, demonstrates his ambition to build a sports empire.
Looking back at the Lakers' history, former owner Jerry Buss bought the team in 1979 for $67.5 million, beginning a 45-year legendary chapter for the Buss family and the Lakers. This change of ownership symbolizes the end of an era and the beginning of a new one.
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