By Sunday 
It’s official — the Los Angeles Lakers, one of the most iconic franchises in sports history, are entering a new chapter. In a move that stunned even the most jaded NBA watchers, Mark Walter and his ownership group have finalized a $10 billion deal to take over the team from the Buss family. That’s right — $10 billion, with a “B.”
But before anyone panics about the future of the purple and gold, it’s important to take a breath and see the bigger picture. The legacy is intact. The vision is evolving.
A Legendary Era Ends — Sort Of
Let’s start with the big shift: the Buss family, who’ve stewarded the franchise since Jerry Buss bought it in 1979, are stepping down. Their name has become synonymous with Laker excellence — think Magic, Kobe, Shaq, 17 championships, and a global fanbase.
But now, it’s time for a new voice at the top. That voice is Mark Walter, the billionaire businessman and Dodgers co-owner, who brings with him serious sports experience and deep pockets. His group also includes Magic Johnson, which immediately soothed any worries about “outsider” takeover vibes.
“Be Ecstatic”: Magic Calms the Storm
If you’re a Laker fan trying to make sense of the shift, Magic Johnson — perhaps the ultimate Lakers ambassador — wants you to chill. His exact words? “Be ecstatic.”
That’s not just lip service. Magic has been vocal about the strength of Walter’s leadership, calling him the right person to carry the Lakers’ winning DNA into the future.
“Mark Walter is one of the smartest and most committed owners I’ve worked with,” Magic said. “Lakers fans should be excited.”
Coming from a guy who practically is the Lakers brand, that’s a big endorsement.
What Changes — And What Doesn’t
Naturally, fans are wondering: does this mean a clean sweep in the front office? Will Jeanie Buss still be around in some capacity? And what happens with Rob Pelinka, Darvin Ham, and the current roster?
Right now, all signs point to stability in the short term. Walter is reportedly keen on maintaining continuity while slowly modernizing operations — think analytics upgrades, front-office expansion, and international brand growth. The Lakers will still be the Lakers. But a few knobs may be turned up.
And remember: this isn’t Walter’s first time at the helm of a storied franchise. Under his watch, the Dodgers became a perennial playoff powerhouse with a championship under their belt. Lakers fans are hoping for the same kind of turnaround — fast.
A Fanbase Ready to Believe (Again)
Look, the Lakers haven’t had the smoothest ride post-bubble championship. Injuries, coaching changes, and roster reshuffles have left fans frustrated. But with this ownership shift, there’s a sense of… reset. Maybe even renewal.
A $10B buy-in isn’t just about bragging rights. It’s a message: we’re all-in on winning. And if Magic’s excitement is any indicator, that message is already resonating in L.A.
The bottom line?
The Lakers’ heart is staying in Los Angeles. The ambition is going global. And the next chapter just might be golden.