Buss Family and Walters Make Official Statements The Buss family will sell the controlling interest of the franchise that their father, Dr. Jerry Buss, bought in 1979 for $67.5 million.

In 1979, Buss scrambled to put together a wild business deal — properties and cash moving between Buss, third parties and Cooke before the self-made man ended up with The Forum, the Los Angeles ...

LOS ANGELES (AP) — The Buss family's decision to sell a controlling stake in the Los Angeles Lakers at an eye-popping franchise valuation of $10 billion marks ...

Walter also expressed his appreciation to the Buss family for the work they’ve done with the team. “The Lakers have long been one of the most iconic franchises in sports,” said Walter.

The Lakers won their 11th title while under Buss family control in 2020, the franchise's most recent championship. AP Sports Writers Beth Harris and John Wawrow contributed to this report.

It’s the mix that the Buss family created. It’s that Showtime era,” said ESPN senior writer Ramona Shelburne, referring to the 1980s run immortalized in the HBO series Winning Time.

Now, Buss and Walter have come out and announced the sale themselves, meaning that once everything is made official, the Lakers will not be owned by the Buss family for the first time since 1979.

Jeanie Buss will be in charge of the Los Angeles Lakers for the foreseeable future despite the family selling the franchise to businessman Mark Walter for $10 billion.