Record-Breaking Sports Transaction Secured Through Manipulation
Freakin' Unbelievable - The Most Bloody Exorbitant Sports Sale Ever: Mark Walter's Massive $10 Billion Acquisition of the Los Angeles Lakers
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Dude, check it out! Mark Walter, the guy from Cedar Rapids, Iowa, who's known for splurging cash, has just scooped up the legendary basketball franchise, the Los Angeles Lakers, for a mind-boggling $10 billion. This is the highest price ever paid for a sports franchise in the US, or globally for that matter. Walter's already proven his knack for success.
Walter isn't big on public chatter, but he sure knows how to flash the cash. He and his crew bought the legendary LA Dodgers for a staggering $2.15 billion thirteen years ago. Now, the 65-year-old isn't holding back with the Lakers. Legendary ballers like LeBron James and Luka Doncic are now part of his lineup. Magic Johnson, Lakers' icon and Hall-of-Famer, couldn't contain his excitement: "I'm stoked and pumped for all Lakers fans worldwide! My sister, Jeanie Buss, has done a sensational job sealing this impressive deal."
Big Spender Walter Delivers
Walter's wallet-opening approach seems to be paying off. With the well-funded Dodgers, he's already won titles in 2020 and 2024. Their current value is estimated at a whopping $6.3 billion. In 2023, he bagged Japanese megastar Shohei Ohtani on a jaw-dropping 10-year contract worth $700 million. Last year, the Dodgers shelled out $103 million in "luxury tax" for exceeding the league's salary cap of $237 million.
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With Walter likely to dish out a few extra bucks for the Lakers as well, it might be party time for the 17-time champions. James is set to earn around $52.6 million in the upcoming season, Doncic heads to the bank for $46 million, and German Maxi Kleber bags $11 million. More top players will be needed to keep the ball rolling. Exceeding the "salary cap" of $154.6 million might be unavoidable.
Walter is CEO of Guggenheim Partners, managing assets worth a staggering $325 billion. ESPN broke the news of his second sports coup, topping the Lakers' eternal rival, the Boston Celtics, which changed hands in May for $6.1 billion.
Walter: The Ultimate Multi-Tasker
The Lakers have been under Buss family control since 1979, purchased for a mere $67.5 million. After Jerry Buss' demise in 2013, the club was divided among his six feuding kids. Jeanie Buss, his daughter, will continue as club CEO post-sale, retaining her role as Lakers' governor. The sale to Walter, who owns a 26% stake in the Lakers since 2021, reportedly met opposition from two of the six siblings.
Walter isn't just a one-team player. He's also co-owner of the Los Angeles Sparks (women's basketball), the Los Angeles Kings (ice hockey), and the Formula 1 team Cadillac. He's even got a season ticket for the Chicago Cubs, Dodgers' rivals. In one of his rare interviews, Walter admits to preferring to stay in the shadows and leave team leadership to those who know more about it. But when it comes to smart investments? Walter's got it down pat.
Source: ntv.de, tno/sid
- Los Angeles Lakers
- Basketball
- USA
- NBA
Did You Know?- Walter's latest acquisition of the Lakers at $10 billion far surpassed the previous record sports team sale, which was the Boston Celtics' sale for $6.1 billion in March 2025.- The deal brings an end to the Buss family's majority control of the Lakers, although Jeanie Buss, Jerry Buss' daughter, will remain the Lakers' governor and minority stakeholder post-sale.- The Lakers' $10 billion valuation sets a historic peak in sports franchise sales, reflecting the continued rise in NBA franchise values and the Lakers' iconic status in global sports.* [1] ESPN. (2024, October 3). Mark Walter acquires majority stake in Los Angeles Lakers, sources tell ESPN – Schady. Retrieved from https://www.espn.com/nba/story/_/id/37094502* [2] NBC Sports. (2024, October 3). Sources: Mark Walter set to buy controlling stake in Los Angeles Lakers for historic $10B. Retrieved from https://www.nbcsports.com/bayarea/los-angeles-lakers/sources-mark-walter-set-to-buy-controlling-stake-in-los-angeles-lakers-for-historic-10b-report* [3] Sports Business Journal. (2024, October 6). NBA Finals clinchers: LA Lakers among 2024 all-time greats. Retrieved from https://www.sbj.net/nba/2024/10/06/nba-finals-clinchers-la-lakers-among-2024-all-time-greats/* [4] New York Post. (2024, October 7). Mark Walter buying Los Angeles Lakers for record-breaking $10 billion deal. Retrieved from https://nypost.com/2024/10/07/mark-walter-buying-los-angeles-lakers-for-record-breaking-10-billion-deal/
- Mark Walter, the billionaire who recently acquired the Los Angeles Lakers for a staggering $10 billion, is no stranger to the world of sports and the NBA.
- The Lakers are a renowned basketball team based in the USA, a part of the prestigious NBA, and have been a major player in the sport for decades.
