Jeanie Buss’ Lakers future revealed after selling team for $10 billion

Jeanie Buss isn’t leaving the Lakers for quite some time.

Despite selling a majority stake to businessman Mark Walter for $10 billion, Buss will remain as the team’s governor for the next five seasons, according to The Athletic.

That timeline would keep Buss in a prominent role through at least the 2029-30 season.

Initial details revealed that Buss would remain with the team for at least several years, according to ESPN, a plan that Walter “fully endorsed.”

This new report provides a clearer timeline for how long the Buss family will still factor into the team since being acquired by Jeanie’s father, Jerry, in 1979.

Jeanie and her five siblings received the majority stake in the franchise upon Jerry’s death in 2013 and she has served in the governor’s role.

Walter already owns the Dodgers and is the CEO of Guggenheim Partners, and the $10 billion figure he is ponying up is the largest for a United States sports team.

The sale is expected to be finalized between July and December.

“The Buss family is deeply honored to have looked after this incredible organization for almost half a century,” Jeanie said in a June statement. “From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning – relentlessly – and to doing so with passion and with style.

“I have gotten to know Mark very well over time and been delighted to learn how he shares those same values. For the last four years, Mark has been an excellent partner to us, and we are thrilled to keep working with him to continue the Lakers’ extraordinary legacy.”

As Buss remains aboard for the next five years, she will help define the franchise’s course.

LeBron James opted into his player option and is currently set to play a full season alongside Luka Doncic, but there are questions about the team’s ability to contend for a title.