Jeanie Buss Reportedly Will Run Lakers For 'a Number of Years' After Mark Walter Sale
Los Angeles Lakers governor Jeanie Buss will reportedly run the team for a "number of years" despite the Buss family's reported agreement to sell majority ownership of the franchise to Mark Walter for approximately $10 billion.
ESPN's Ramona Shelburne reported the news.
ESPN's Shams Charania reported the news Wednesday on the agreement for the Buss family to sell majority ownership of the Lakers to Walter, who is the primary owner and chairman of the Los Angeles Dodgers.
Jeanie Buss' father, Dr. Jerry Buss, purchased the team in 1979 for $67.5 million. The team has enjoyed great success under the Buss family since then, winning 11 NBA championships.
Buss will still run the team for a number of years as part of the transition plan, but the Lakers will stay in great hands under Walter, who is the CEO and chairman of TWG Global. Walter's Dodgers have fared well under his watch, winning two World Series and being unafraid to outspend the competition for the best talent.
The transition plan appears similar to the one employed by the Boston Celtics, which are being sold to Bill Chisholm for $6.1 billion.
Wyc Grousbeck will continue as chairman and CEO through the 2027-28 season.
Now the Lakers are being sold, setting in motion the end of nearly 50 years of ownership under the Buss name.
