
The Los Angeles Lakers are majority-owned by Mark Walter, who acquired controlling interest in June 2025 at a $10 billion valuation, the largest sports franchise sale in history. The Buss family, who owned the team since 1979, retained approximately 15% and Jeanie Buss remains governor. Walter also controls the Los Angeles Dodgers. The Lakers have won 17 NBA championships, tied with the Boston Celtics for the most in NBA history.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Los Angeles Lakers | TWG Global | Majority owned |
The Lakers franchise was founded in 1947 as the Minneapolis Lakers, based in Minnesota. The team was established by Ben Berger and Morris Chalfen. The franchise won five championships in Minneapolis (1948, 1949, 1950, 1952, 1954), led by center George Mikan, one of basketball's first dominant big men.
In 1960, the team relocated to Los Angeles, becoming the Los Angeles Lakers. The name "Lakers" was retained from the Minneapolis era, a reference to Minnesota's nickname as the "Land of 10,000 Lakes." The move to Los Angeles brought the NBA to the West Coast and established the Lakers as a major-market franchise.
In 1979, Jerry Buss purchased the Lakers, the NHL's Los Angeles Kings, and the Forum arena for $67.5 million, with the Lakers portion valued at approximately $16 million. Under Buss's ownership, the Lakers experienced their most successful period. The "Showtime" era of the 1980s, led by Magic Johnson and Kareem Abdul-Jabbar, produced five NBA championships (1980, 1982, 1985, 1987, 1988) and established the Lakers as the premier brand in professional basketball.
The 2000s brought another dynasty, with Shaquille O'Neal and Kobe Bryant leading the team to three consecutive championships (2000, 2001, 2002). After O'Neal's departure, Bryant remained and led the team to two more titles (2009, 2010) with Pau Gasol as his primary teammate.
Following Jerry Buss's death in 2013, ownership passed to his six children through family trusts. Jeanie Buss became controlling owner. In 2018, LeBron James signed with the Lakers, and in 2020 the team won its 17th championship inside the NBA bubble at Walt Disney World during the COVID-19 pandemic, tying the Boston Celtics for the most NBA titles.
In February 2025, the Lakers made a blockbuster trade, sending Anthony Davis to the Dallas Mavericks in exchange for Luka Doncic. The trade marked a significant franchise shift, with the team now building around the 26-year-old Doncic rather than the 41-year-old LeBron James. Jeanie Buss stated that the team is focused on building around Doncic for the future.
In June 2025, the Buss family agreed to sell majority ownership to Mark Walter at a $10 billion valuation, marking the first change in majority ownership since 1979. The sale was unanimously approved by the NBA Board of Governors on October 30, 2025.
The 2024-25 season saw the Lakers finish with a 50-32 record as the 3rd seed in the Western Conference. The team lost in the first round of the playoffs.
What does TWG Global own?
TWG Global owns and operates a diversified portfolio spanning seven industries. Its most prominent holdings include the Los Angeles Dodgers (MLB), the Los Angeles Lakers (NBA, majority stake acquired in 2025), the Los Angeles Sparks (WNBA), a stake in Chelsea FC via BlueCo, Guggenheim Partners (asset management), Group 1001 (insurance), Magnolia Pictures, and the Cadillac Formula 1 Team. The company holds more than 20 subsidiaries and affiliates in total.
Is TWG Global publicly traded?
No, TWG Global is not publicly traded. The company operates as a privately held holding company with no stock exchange listing. Mark Walter, as founder and primary owner, held approximately 21% of the company as of late 2024. The remaining ownership is distributed among co-investors and partners.
Who founded TWG Global?
TWG Global was founded by Mark Walter, who is also co-founder and CEO of Guggenheim Partners. Walter established TWG Global in 2012 in conjunction with the acquisition of the Los Angeles Dodgers. Thomas Tull joined as co-chairman in 2025 following his work leading the AI-focused holding group Tulco.
Where is TWG Global headquartered?
TWG Global is headquartered in Los Angeles, California. The company's financial services operations, including Guggenheim Partners, maintain significant offices in New York. TWG Global has operations in multiple locations corresponding to its portfolio companies across the United States and internationally.
How many brands does TWG Global own?
TWG Global holds more than 20 subsidiaries and affiliates across its seven industry verticals. The sports portfolio alone includes the Dodgers, Lakers, Sparks, a Chelsea FC stake, interests in the Dallas Mavericks and Tampa Bay Rays, and the Cadillac Formula 1 Team. The financial services and entertainment portfolios add Guggenheim Partners, Group 1001, Acrisure, Magnolia Pictures, and multiple television channels.
Who owns TWG Global?
TWG Global is privately held, with Mark Walter as the primary owner holding approximately 21% of the company as of November 2024. The remaining ownership is distributed among co-investors and partners. The company has not publicly disclosed a complete ownership breakdown. Thomas Tull serves as co-chairman following his appointment in 2025.
The Los Angeles Lakers operate within Crypto.com Arena, which has implemented sustainability initiatives that benefit the Lakers' home games and operations.
Solar Energy: Crypto.com Arena features 1,727 solar panels on its rooftop, generating 364 kW of power through a photovoltaic system installed in 2008. This system is connected to an additional 166 kW system on the Microsoft Theater roof. Over 25 years, these combined systems are projected to eliminate over 10,000 tons of CO2.
Fuel Cells: In 2015, the arena installed a 500 kW bank of Bloom Energy fuel cells that generate electricity on-site. These fuel cells have avoided approximately 2,257,655 pounds of CO2 over their lifetime.
LED Lighting: Crypto.com Arena was the first NBA arena to feature LED lighting. A 2022 LED sports lighting system upgrade saved over 135 kilowatts of energy.
Air Quality: In September 2024, Crypto.com Arena became the first arena to install AtmosAir Solutions Green Indoor Air Purification and Monitoring Technology, using patented bi-polar ionization for continuous indoor air quality improvement.
NBA Green Program: The Lakers participate in the NBA Green program, which focuses on environmental sustainability across the league. The arena participates in the NBA Arena Sustainability Task Force established in April 2023, implementing waste reduction, energy conservation, and sustainable procurement practices.
Community Programs: The Lakers maintain community programs focused on youth basketball, education, and health in the Los Angeles area. The Lakers Youth Foundation supports charitable initiatives throughout Southern California.
The Lakers do not hold independent environmental certifications for their operations. Sustainability claims are reported through AEG's corporate sustainability programs and the NBA's league-wide Green initiatives rather than through independent third-party environmental audits specific to the Lakers.
NBA Championships: The Lakers have won 17 NBA championships, tied with the Boston Celtics for the most in NBA history. Championship years include 1948, 1949, 1950, 1952, 1954 (as Minneapolis Lakers), 1972, 1980, 1982, 1985, 1987, 1988, 2000, 2001, 2002, 2009, 2010, and 2020. The 2020 championship, won inside the NBA bubble during the COVID-19 pandemic, was the franchise's most recent title.
Conference and Division Titles: The franchise has won numerous Western Conference championships and Pacific Division titles. Under Jerry Buss's ownership from 1979 to 2013, the team won 10 NBA championships and 16 conference championships, missing the playoffs only twice.
Individual Player Honors: Lakers players have accumulated numerous MVP awards, All-Star selections, and Hall of Fame inductions. The franchise has produced some of basketball's greatest players including George Mikan, Elgin Baylor, Jerry West, Wilt Chamberlain, Magic Johnson, Kareem Abdul-Jabbar, Shaquille O'Neal, Kobe Bryant, and LeBron James.
Historic Achievement: In 2024, the Lakers made NBA history by selecting Bronny James in the NBA Draft, forming the first father-son duo in NBA history. On October 23, 2024, LeBron and Bronny James became the first father-son pair to appear in an NBA game together.
Franchise Valuation Recognition: The Lakers' $10 billion valuation in 2025-2026 reflects the franchise's global brand power. The sale to Mark Walter at this valuation was the largest sports franchise sale in history.
Buss Family Ownership Dispute (2017): Following Jerry Buss's death in 2013, control over the team was initially split between Jeanie Buss (business operations) and Jim Buss (basketball operations). After several disappointing seasons, Jeanie fired Jim Buss in February 2017, triggering litigation over who controlled the Lakers. The dispute was resolved in Jeanie's favor in March 2017 when the Buss siblings granted her lifetime operational control over the team.
Historic Ownership Transition (2025): The Buss family's sale of majority control to Mark Walter at a $10 billion valuation in June 2025 marked the end of 46 years of family ownership. ESPN documented significant conflict among the Buss siblings that contributed to the sale decision. Jeanie Buss described the sale as "bittersweet" but stated that her father would have supported finding a new majority owner with the resources to keep the Lakers among the NBA's top spenders.
Luka Doncic Trade (2025): In February 2025, the Lakers traded Anthony Davis to the Dallas Mavericks in exchange for Luka Doncic. The trade was controversial because it ended the LeBron James and Anthony Davis partnership that won the 2020 championship. Some fans and analysts questioned whether building around Doncic rather than maximizing James's remaining years was the right strategy. Jeanie Buss confirmed the team is now focused on building around Doncic.
NBA Gambling Investigation (2025): In November 2025, the Lakers were among multiple NBA teams asked to hand over documents and cellphones as part of the league's investigation into illegal sports betting. The investigation followed federal charges against several NBA players and coaches, including allegations that privileged information about player injuries was shared before Lakers games in 2023 and 2024. Former Lakers assistant coach Damon Jones was among those charged in connection with the betting scheme.
LeBron James Age and Future: LeBron James, who turned 41 in December 2025, remains on the Lakers roster but the team's strategic direction has shifted toward building around Luka Doncic. Media analysis has questioned whether James's continued presence aligns with the team's long-term rebuilding timeline around Doncic.
Arena Tenancy: As tenants in Crypto.com Arena rather than owners, the Lakers must navigate complex relationships with AEG and share the venue with the Clippers, Kings, and Sparks. This creates scheduling constraints and revenue limitations compared to teams that own their arenas.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Kroenke Sports Entertainment | USA | 1967 | Mass market | United states | All Genders | |
| Madison Square Garden Sports | USA | 1946 | Mass market | Global | All Genders | |
| Harris Blitzer Sports Entertainment | USA | 1946 | Mass market | United states | All Genders | |
| Guggenheim Baseball Management | United States | 1883 | Premium | United states | All Genders |
SportsOwned by Kroenke Sports & Entertainment
American professional basketball team based in Denver, competing in the NBA Western Conference.
SportsOwned by Madison Square Garden Sports Corp.
Professional basketball team based in New York City, competing in the NBA Eastern Conference and owned by Madison Square Garden Sports.
SportsOwned by Harris Blitzer Sports & Entertainment
NBA franchise founded in 1946, based in Philadelphia, Pennsylvania. Owned by Harris Blitzer Sports and Entertainment since 2014.
SportsOwned by Guggenheim Baseball Management
American professional baseball team based in Los Angeles, California, competing in MLB National League West. Nine-time World Series champions, valued at $8 billion in 2026.
Market Positioning: Los Angeles Lakers competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Canadian professional baseball team based in Toronto, Ontario, competing in MLB's American League East division.
Toronto Blue Jays is owned by Rogers Communications Inc., a public company, a different structure than Los Angeles Lakers's parent.
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Armada is owned by Amer Sports Inc., a public company, a different structure than Los Angeles Lakers's parent.
SportsOwned by Dick's Sporting Goods
Premium Japanese streetwear and sneaker boutique founded in Tokyo in 2000, now owned by Dick's Sporting Goods, focused on Japan and Asia-Pacific markets with exclusive brand collaborations.
atmos is owned by Dick's Sporting Goods, a public company, a different structure than Los Angeles Lakers's parent.
SportsOwned by Amer Sports Inc.
Austrian alpine ski equipment brand founded in 1955, owned by Amer Sports. Makes skis, boots, bindings, and poles used by recreational skiers and World Cup racers worldwide.
Atomic is owned by Amer Sports Inc., a public company, a different structure than Los Angeles Lakers's parent.
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