Timberwolves vs the Lakers in the NBA post-season
Timberwolves vs the Lakers in the NBA post-season (Copyright 2025 The Associated Press. All rights reserved.)
Mark Walter, who also co-owns Chelsea and leads TWG Global, is poised to become the majority owner of the LA Lakers.
The Buss family intends to sell their controlling interest, concluding their 47-year majority ownership of the NBA team.
Walter has been a minority stakeholder in the Lakers since 2021, previously acquiring 27 percent of the team.
Lakers legend Magic Johnson endorsed the move, highlighting Walter's commitment to winning and resource provision.
The Buss family's tenure saw the Lakers win 11 NBA championships and develop into a globally revered brand.