Todd Boehly Rumors | Hoops Rumors

NBA’s Board Of Governors Unanimously Approves Lakers Sale

October 30th, 2025 at 11:42am CST by Luke Adams

11:42 am: The Lakers have put out a press release confirming that Walter has finalized his acquisition of a majority stake in the team. The sale is now closed, confirms ESPN’s Ramona Shelburne (Twitter link).

“The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness,” Walter said in a statement. “Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”

11:11 am: The NBA’s Board of Governors has unanimously approved the sale of a majority share of the Lakers to Mark Walter, the league announced today in a press release, adding that the transaction is expected to close soon (Twitter link).

Walter, 65, is the CEO of Guggenheim Partners, a global investment firm, and co-CEO and chairman of TWG Global, a diversified holding company.

Walter, who also owns the Los Angeles Dodgers (MLB) and Los Angeles Sparks (WNBA), among other sports investments, had been a minority shareholder in the Lakers, having purchased a 27% stake in 2021 alongside Todd Boehly. Boehly will remain a limited partner in the franchise, per Kurt Badenhausen of Sportico.

Walter reached an agreement in June to buy a controlling interest from the Buss family at a record-setting valuation of $10 billion. It will be the first time since 1979 that the franchise has a new majority owner.

“Mark Walter has a long association with our leagues, having served as a minority owner of the Lakers and as a principal owner of the WNBA’s Sparks for more than a decade,” NBA commissioner Adam Silver said in a statement. “As Mark assumes his role as majority owner of the Lakers, I have no doubt that he will be a committed steward of the team and a great addition to our league given his many successful ventures in business and sports.”

Although Walter is assuming majority control of the Lakers, Jeanie Buss will remain in her role of governor for at least five years after the transaction closes, the league confirmed within its announcement. That means the Buss family will retain at least a 15% stake in the team, which is the minimum required for the governor role.

“I also want to thank and congratulate Jeanie Buss and the Buss family for 46 years of transformational leadership and service,” Silver continued. “While this historic transaction transfers the Buss family’s majority interest in the Lakers, I am thrilled that Jeanie will remain the team’s governor and an active and engaged member of our league.”

California Notes: Camper, Terrell, Bleijenbergh, Lakers

July 11th, 2021 at 1:44pm CST by Alex Kirschenbaum

The Kings have a workout scheduled for this Tuesday with Siena College swingman Manny Camper, writes Jason Anderson of the Sacramento Bee. Camper averaged 14.1 PPG and 9.7 during 2020/21, his senior season.

Anderson notes that Camper was the Metro Atlantic Athletic Conference (MAAC) Men’s Basketball Player of the Year. Camper was also a two-time All-MAAC First Team honoree during his NCAA tenure. According to Anderson, Camper has been described by coaches and staff at Siena as a “high character individual” and a “consummate selfless team leader.”

The Kings currently possess the No. 9 overall pick and the No. 39 pick in the 2021 draft. While he’s not expected to be drafted this season, Camper could make for an intriguing addition to the Kings’ Summer League roster, Anderson writes.

There’s more out of California:

The Kings worked out Sacramento native Christian Terrell, a Sacramento State alum who also attended Sacramento High School, per Sean Cunningham of ABC10 (KXTV) Sacramento (Twitter link). “It felt good to work out for your home team,” Terrell, a 6’5″ guard, said. “Just getting to experience what it’s like being inside Golden1 was a blessing and I am super grateful the Kings organization reached out to me and allowed me to work out.”
Intriguing Belgian pro Vrenz Bleijenbergh is scheduled to work out with the Kings on Monday, as Jason Anderson of the Sacramento Bee details. The 6’11” swingman most recently played for the Antwerp Giants, and Anderson notes that the league currently views him as a potential second-round prospect. Anderson adds that Bleijenbergh was recently honored as a Pro Basketball League Rising Star selection.
More recent Los Angeles championship pedigree is arriving for the Lakers. Dodgers owners Mark Walter and Todd Boehly have officially bought out minority owner Phil Anschutz‘s 27% stake in the club, per a team press release. Under the stewardship of Walter and Boehly, the Dodgers won their first title in 32 years during the 2020 MLB season.

Lakers Notes: Third Star, Schröder, K. Walker, Sale

July 2nd, 2021 at 10:59am CST by Arthur Hill

Adding a third star this summer won’t be easy for the Lakers, even if there are a few on the market, writes Kyle Goon of The Orange County Register. L.A.’s season was derailed by injuries to LeBron James and Anthony Davis, showing the need for another elite player, but the team may not have enough valuable assets to offer.

The Lakers own the 22nd pick in this year’s draft, but don’t have another tradable first-rounder until 2027. They’ve still got their selections in 2023 and 2025, but are limited by the league rule preventing future first-round picks from being traded in back-to-back years.

Goon cites the Trail Blazers‘ Damian Lillard and the Sixers‘ Ben Simmons as players who might be available, but he isn’t convinced that the Lakers can match salaries with a competitive offer, which would mean sending $31.4MM to Portland or $24.5MM to Philadelphia. Kentavious Caldwell-Pope and Kyle Kuzma will each make $13MM next season, but a package with them and the two draft picks may not be the best deal the Sixers can get. The Lakers could have another trade chip if Montrezl Harrell opts in at $9.7MM, but that still may not be enough for Philadelphia.

Getting the Blazers to trade Lillard for a similar package seems nearly impossible, and Goon sees L.A.’s best chance as a sign-and-trade involving Dennis Schröder. However, Schröder has expressed a desire to re-sign with the Lakers and there’s no guarantee that Portland would want him in return for Lillard.

There’s more from L.A.:

Schröder is expecting to get offers in the range of $100MM to $120MM in free agency, VP of the German Basketball Federation Armin Andres said, according to TalkBasket. Andres confirms that Schröder isn’t playing for Germany this summer because the cost of insuring his future earnings is too high.
The Lakers and Clippers will be the most interested teams in acquiring Kemba Walker from the Thunder, ESPN’s Zach Lowe said on his latest podcast (hat tip to Justin Leger of Yahoo Sports). Walker, who was traded from the Celtics last month, was plagued by knee problems all season and still has two years and nearly $74MM left on his contract.
The NBA’s board of governors gave unanimous approval to the sale of 27% of the Lakers to Todd Boehly and Mark Walter, according to Scott Soshnick of Sportico. The deal is expected to be finalized next week.

Pacific Notes: Anschutz, Vogel, Leonard, Bagley

June 26th, 2021 at 10:32am CST by Dana Gauruder

Philip Anschutz has agreed to sell his 27% stake in the Lakers, Dan Woike of the Los Angeles Times confirms. Anschutz is the founder of AEG and owns the team’s arena, the Staples Center. Dodgers owners Mark Walter and Todd Boehly are making the purchase and the transaction values the Lakers at about $5 billion, Scott Soshnick of Sportico reports.

The sale of Anschutz’s stake in the Lakers, which is the largest outside of the Buss family, has to be approved by the league’s Board of Governors. Anschutz also owns of the NHL’s Kings and the MLS’ Galaxy. A major long term question is whether Anschutz’s first right to purchase, should the Buss family ever want to sell its majority stake, will transfer to the two buyers, Ramona Shelburne of ESPN tweets.

According to the Sportico report, the buyers will get those transfer rights.

We have more from the Pacific Division:

Frank Vogel is entering the final year of his three-year contract with the Lakers and some members of the organization are surprised he hasn’t already received an extension, according to Kyle Goon of the Orange County Register. Vogel could also face numerous staff changes since Jason Kidd, who has agreed to be the head coach of the Mavericks, could take several assistants with him to Dallas, Goon adds.
Kawhi Leonard has not appeared in the Western Conference Finals and will miss Game 4 on Saturday due to a knee injury, but he’s been a major presence off the court, Kurt Helin of NBC Sports notes. Leonard and another injured Clippers player, Serge Ibaka, have been dispensing advice during games and practices. “Kawhi and Serge both have been great… Kawhi is just more, you know, everything: offense, defense, moving the basketball, how we can attack certain matchups, defensively how we can do different things on certain players,” Clippers coach Tyronn Lue said. “So, he’s always engaged on both ends.”
Marvin Bagley III‘s future with the Kings remains up in the air and he’s facing a social media backlash from Sacramento fans, according to James Ham of NBC Sports Bay Area. Bagley liked a tweet that stated, “We’ve got to get @MB3Five outta Sac man.” After a negative reaction from fans, Bagley removed any mention of the Kings from his bio on both Twitter and Instagram. Sacramento has already picked up Bagley’s $11.3MM option for next season but he’ll be eligible for free agency next summer.