Mark Walter is set to become the new majority owner of the Los Angeles Lakers, but he will not assume the role of team governor, which will remain with the previous owner. The situation is somewhat complex.
Walter, also the owner of the Los Angeles Dodgers, and the Bass family are finalizing what will be the most expensive sale in professional sports history, valuing the Lakers at $10 billion. This deal marks a new era for the Lakers after over four decades under the Bass family’s leadership.
While Walter will take over ownership, Jeanie Buss will continue as the team governor for the foreseeable future. On Wednesday, reports gave mixed signals about the duration of her tenure; The Athletic’s Sam Amick said she will remain governor for at least five years, while Front Office Sports suggested that five years might be the maximum.
Later, Front Office Sports clarified that their “at best” comment was directed at one source, adding some confusion. However, most insiders agree that a new governor is unlikely to be appointed before at least five years.
Jeanie Buss will continue to lead the Lakers during this transition, maintaining stability. Historically, the Bass family took a more cautious financial approach, unlike teams such as the Golden State Warriors and Los Angeles Clippers, which have aggressively pursued expensive talent. This deal parallels similar transitions in other franchises like the Boston Celtics and Dallas Mavericks, where former owners remained as governors after selling their teams.
Fan Take: This ownership change could signal a more aggressive financial approach for the Lakers, potentially reshaping the team’s strategy in an increasingly competitive NBA landscape. Basketball fans should watch closely, as this shift might lead to higher investments and a new era of Lakers dominance.
