# @thegistca on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DLDte-PBixp
- **Gondola URL:** https://gondola.cc/posts/31614752-thegistca-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/bc77275c23.jpg
- **Posted:** 2025-06-18T21:55:21.000+00:00
- **Account Owner:** The GIST Canada (@thegistca) — https://gondola.cc/thegistca

## Caption

A new era for the Purple & Gold! 🟣🟡⁣
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In a monumental shift for the NBA, the Buss family has agreed to sell majority ownership of the Los Angeles Lakers to billionaire Mark Walter at an unprecedented $10 billion valuation. 💰⁣
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The deal marks the largest sale of a U.S. professional sports franchise in history, surpassing recent high-profile team sales across the NBA. 🤯⁣
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Despite the ownership change, Jeanie Buss will continue in her role as team governor, ensuring a sense of continuity for one of the most storied franchises in sports. 👏⁣
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The Buss family has owned the Lakers since 1979, when Jerry Buss purchased the team for $67.5 million, a deal that also included the LA Kings and the Forum. 👀⁣
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Under their leadership, the Lakers have secured 11 championships and become a global sports icon. 🌎⁣
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Mark Walter, chairman and CEO of TWG Global, brings a deep background in sports ownership. He’s already the controlling owner of the Dodgers and holds stakes in the WNBA’s LA Sparks, the Billie Jean King Cup, Cadillac’s Formula 1 team, and the Professional Women’s Hockey League. 🤝⁣
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Walter became a minority stakeholder in the Lakers in 2021 and secured the right of first refusal on a majority stake a clause he now activates with this historic purchase. 💪⁣
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This follows a recent wave of mega-sales across the NBA: Mark Cuban sold the Mavericks for $3.5B and Wyc Grousbeck parted ways with the Celtics at a $6.1B valuation. Still, nothing compares to this $10B milestone that reshapes the sports ownership landscape. 🏀 #thegist⁣
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#sportsbiz #basketball #lakers #la #nba #menssports #markwalter

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## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| The GIST Canada | @thegistca | https://gondola.cc/thegistca | Sports Media Outlet |

## Tags

thegist, menssports, sportsbiz, nba, basketball, lakers, la, markwalter

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