*Los Angeles Lakers legend Magic Johnson has expressed enthusiasm over the reported $10 billion sale of the franchise to Mark Walter, a deal that marks the largest sports franchise transaction in history.
In a recent social media post, Johnson urged Lakers fans to be thrilled about the team’s new ownership, emphasizing Walter’s commitment to success and integrity, Bleacher Report.
“Laker fans should be estatic,” Johnson wrote. “A few things I can tell you about Mark – he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win!”
He highlighted the similarities between Walter and outgoing owner Jeanie Buss, noting their shared competitiveness, get nerosity, and preference for working behind the scenes. Johnson described the sale as a perfect match, stating, “This makes all the sense in the world.”
In a follow-up post, Johnson revealed he congratulated Buss, his longtime friend and sister-like figure. “I just talked to my sister Jeanie Buss to tell her congratulations, and that I’m so happy for her and family,” he shared.
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Laker fans should be estatic. A few things I can tell you about Mark – he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike -…
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
Johnson added that Buss’s late father, Dr. Jerry Buss, would be proud of her for securing the monumental deal, which has set a new benchmark in sports franchise sales.
Johnson’s excitement reflects his confidence in Walter’s ability to steer the Lakers toward continued success. As a former player and basketball icon, Johnson’s endorsement carries weight among the Lakers’ global fanbase, who are eager to see how Walter’s leadership will shape the franchise’s future.
With Buss stepping away after leading the team to a 2020 NBA championship, the sale closes a significant chapter while opening a new era under Walter’s stewardship. Johnson’s heartfelt praise underscores the optimism surrounding this historic transition for one of the NBA’s most storied teams.
I just talked to my sister Jeanie Buss to tell her congratulations, and that I’m so happy for her and family. I told her that her dad Dr. Buss would be very proud of her for getting $10B for the Lakers, the largest sports franchise sale in history!
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
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