In June 2025, the Los Angeles Lakers made headlines when ESPN disclosed a groundbreaking move: the Buss family agreed to transfer majority control of the franchise to Mark Walter, who has accepted a jaw-dropping $10 billion valuation for the team.
In a recent episode of The Zach Lowe Show, Howard Beck and Lowe have uncovered the ramifications of the Lakers’ cost-cutting measures, revealing a series of surprising incidents that occurred behind the scenes.
Howard Beck: “They have cut corners over the years, they have run it like a mom and pop shop, it is the only source of income for their family. That will not be the case under Mark Walter.”
Zach Lowe: “Here’s why that matters. I mean, the Lakers just get stars. They’re in Los Angeles, they have this built-in market advantage, stars fall into their lap, whoopity-do.”
You can view the complete discussion in the video linked below.
As part of the arrangement, Walter has reportedly pledged to let Jeanie Buss continue her leadership role within the organisation for several years. Moreover, the Buss family will retain a 15% stake in the franchise, which meets the minimum ownership criteria established by the NBA regulations.
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Shannon Sharpe’s Take On What Lies Ahead For The Los Angeles Lakers
The recent announcement that the Lakers are selling a majority stake in the franchise has sent shockwaves throughout the NBA community. In response to this surprising development, numerous NBA analysts have begun sharing their insights and opinions. For instance, during a recent episode of The Nightcap Podcast, Shannon Sharpe offered his thoughts on what this means for the Lakers’ future.
“This is the Lakers, there’s no bigger brand in basketball than the Lakers. Now they’ve got an owner that has deep, deep pockets,” Sharpe said.
The Lakers demonstrated significant performance during the 2024-25 NBA season, successfully securing a postseason spot. However, their championship pursuit ended in a disappointing first-round exit against the Minnesota Timberwolves.
Also Read: REPORT: Los Angeles Lakers Eyeing Top-Tier Solutions To Address Two Major Roster Gaps This Offseason
