Mark Walter’s acquisition of majority ownership of the Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.

In 1979, shortly after purchasing the Lakers, Buss commissioned the first Laker Girls dance team. The Forum Club became one of the city’s hottest nightspots.

The Lakers, one of the most prolific franchises in all of sports, were purchased by Jerry Buss as part of a $67.5 million deal in 1979 that included the Los Angeles Kings and Los Angeles Forum.

Jerry Buss purchased the Lakers for $67.5 million in 1979, in a deal that included the Los Angeles Kings and The Forum. In the nearly 50 years since his acquisition, the Purple and Gold ...

The Lakers of 1978-79 were just a basketball team, really. A good, solid NBA franchise, to be sure, one that had had its heart broken repeatedly by the Boston Celtics and Bill Russell through the ...

Buss's father, Jerry Buss, bought the team in 1979 for $67.5 million, though that purchase also came with the Los Angeles Kings, The Forum, and a 13,000-acre ranch in Nevada.

Pope had this to say to Daniel Starkand of Lakers Nation about the move, “It means everything. I was born a Laker. People say that all the time with their fandom and things, but it’s just unreal.

It remains to be seen how Buss’s role with the Lakers will evolve over time, but for now, she will be running the show — even after her family pocketed the record-setting $10 billion.

The Lakers were the family business, which is why this also feels somewhat predictable. The teams that have changed hands over the last 10-15 years aren’t the mom-and-pop shops from the David ...

Correction June 23, 2025 In this audio story, as well as in a previous web summary, we incorrectly report that the Los Angeles Lakers had announced that the team will be sold for $10 billion. In ...

How Much Did Jerry Buss Buy the Lakers for? According to multiple outlets, Jerry bought the Lakers from Jack Kent Cooke for $67.5 million in 1979. That amount equates to roughly $300 million in 2025.