We’re deep in the NBA Finals, but the Lakers can still grab the headlines. Bass family agreed to sell the Lakers Mark Walter Record price for a $10 billion professional sports franchise. Jerry Bus Originally, he bought the team in 1979 for $67.5 million, but his family can now benefit from it.
Mark Walter is well known for being part of the Dodgers’ ownership. Magic Johnson And then transformed the franchise from instability to a perennial candidate in the baseball universe. We look forward to the Lakers’ future, but for now, here are the initial reactions to the franchise on sale:
In 1979, Jerry Bass purchased a 13,000-acre ranch from the Los Angeles Lakers, Los Angeles Kings, Forum and Jack Kent Cook for $67.5 million.
In 2025, the Bass family sold the Lakers majority ownership at a $10 billion valuation.
– Arash Markazi (@Arashmarkazi) June 18, 2025
This sale is under construction for *year*. The Bass Family received a big payout, and the Lakers now have an incredibly deep pocket with the Dodgers in their juggernauts.
This is a truly important day for the entire NBA landscape.
– Anthony F. Irwin (@anthonyirwinla) June 18, 2025
The 10B Lakers ratings aren’t surprising. In 2021, AEG sold a 27% stake in the Lakers to Walter/Borley at a 5B valuation. Now they’re up 66% from now on, double the number. This is a bus. The new media contract exceeds the new $$. We already knew that the extension tag would be 6b.
– Billsimmons (@billsimmons) June 18, 2025
Laker fans should be straddling. A few things I can tell you about Mark – he is driven by victory, excellence and doing everything in the right way. And he puts in the resources he needs to win! I understand why Johnny sold his team to Mark Walter.
– Iyabin Magic Johnson (@magicjohnson) June 18, 2025
Basketball, Lakers, NBA, Social Media, Johnny Bus, Gym Bus, Los Angeles Lakers, Magic Johnson, Mark Walter
