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League: NBASport: BasketballCountry: United StatesCategory: Trades

Mark Walter agrees to sell majority stake in Los Angeles Lakers

Yahoo Sports • 1 min read • Latest: Aug 20, 2026, 11:16 AM

Last updated Aug 20, 2026

Mark Walter agrees to sell majority stake in Los Angeles Lakers
Summary

Mark Walter has agreed to sell his majority ownership of the Los Angeles Lakers, just over a year after acquiring the team. This potential sale could conclude the Buss family's 47-year stewardship of the franchise, as five of the six Buss siblings have voted to sell their 18 percent share, with Jeanie Buss remaining the sole holdout. The situation is complicated by ongoing federal inquiries into Walter's business dealings. This week's sports trivia will touch on various related developments.

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Key Details
  • •Walter agreed to sell the Lakers after one year of ownership.
  • •Five Buss siblings voted to sell their 18 percent share.
  • •Jeanie Buss is the only sibling not in favor of selling.
  • •Federal investigations into Walter's business empire are ongoing.
  • •This week's trivia includes related stories.
Latest Updates
  • 11:16 AMYahoo Sports — This Week in Sports Trivia: August 20, 2026
What they're saying
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Mark Walter has agreed to sell his majority ownership stake in the Los Angeles Lakers just a little more than one year after buying it, a fascinating development with several side stories likely to continue unfolding over the coming months. The deal will also — maybe — end the Buss family’s 47-year run as stewards of the franchise. At least that’s what five of the six Buss siblings are hoping for. They’ve voted to sell their roughly 18 percent share in the team. Since the lone holdout is Jeanie

Related Teams & Leagues
Los Angeles LakersNBABasketball

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