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Los Angeles Lakers Take Major Step by Selling Majority Stake to Private Equity Firm

The Lakers Set to Compete in a Changing NBA Landscape with New Ownership Backed by Billions

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Lakers Embrace Private Equity in Historic Sale to Mark Walter, Shaping Future of NBA Franchises
The Los Angeles Lakers' sale to Mark Walter signals a new chapter in sports ownership with private equity reshaping the landscape of the NBA.

In a groundbreaking move that has the sports world buzzing, the Los Angeles Lakers, one of the most iconic NBA franchises, are transitioning to new ownership. The team’s longtime owners, the Buss family, have announced that they will sell a majority stake to Mark Walter, a well-established businessman with deep roots in Los Angeles sports. Walter, who already owns the Los Angeles Dodgers, is poised to take the Lakers into an era of private equity dominance that is reshaping the sports industry.

The announcement, made during the height of the NBA Finals, marks the end of an era for the Buss family, who have held onto the Lakers for 46 years. This monumental shift, as reported by ESPN, highlights the changing tides in sports ownership. With the NBA and other major sports leagues opening their doors to private equity, this move positions the Lakers to stay competitive in a rapidly evolving environment where media companies and sports franchises are becoming increasingly interconnected.


The Lakers’ sale price is staggering, surpassing even the Boston Celtics’ record-breaking deal of $6.1 billion last year. While that sale occurred right after the Celtics won their 18th NBA championship, the Lakers’ valuation is poised to make them the most valuable sports franchise in the world – at least for now. This deal places the Lakers in a strong position to stay competitive amid a new wave of sports ownership, with private equity players taking larger stakes and, in some cases, full control.

For generations of family owners, such as the Buss family, the decision to sell is undoubtedly a lucrative one. When Jerry Buss purchased the Lakers in 1979 for just $67.5 million, the landscape of sports franchises was vastly different. The price included not only the Lakers but also the Los Angeles Kings NHL team and the iconic Los Angeles Forum. Now, more than four decades later, the Lakers are changing hands for an amount that underscores the explosive growth in the value of sports teams over the years.

The move to private equity ownership aligns the Lakers with other powerhouse franchises, such as the Boston Celtics, both of whom are now in the hands of investors backed by billions of dollars. Mark Walter, CEO of Guggenheim Partners, already controls a massive financial empire with $349 billion in assets. His holdings extend beyond the Dodgers to include the Los Angeles Sparks WNBA team, Formula 1, and the Billie Jean Cup, among other prestigious sports assets.

For powerhouse teams like the Lakers, the need for deep pockets has never been more pronounced. The NBA’s collective bargaining agreement (CBA), which has been in place for two years now, makes it more difficult and expensive to maintain a roster of veteran stars. This includes players like LeBron James, whose contract demands could reach $50 million per year. With younger, smaller-market teams like the Indiana Pacers and Oklahoma City Thunder thriving under the new CBA, teams in big markets like Los Angeles must adjust to stay competitive in both the standings and in the business of attracting corporate sponsorships, luxury box sales, and national TV deals.


As new owners like Walter and Bill Chisholm (who recently took over the Celtics) evaluate their rosters, questions loom about the sustainability of the old guard. Can the Lakers continue to afford high-paid superstars like LeBron James, especially with Luka Doncic emerging as the team’s younger star? Similarly, the Celtics face the challenge of keeping their aging core intact while managing the cost of players like Jayson Tatum, who suffered a major injury during the playoffs.

With the NBA’s new TV deals signed last year, all franchises, including the Lakers, are set to see a boost in cash flow. However, as regional sports networks continue to crumble amid cord-cutting trends, the challenge of maintaining profitable teams in a competitive marketplace grows even steeper.

Ultimately, this sale represents a crucial shift in how the NBA’s marquee teams will operate in the future. Whether it’s the Lakers or the Celtics, the question now is not just about keeping superstar talent but ensuring long-term sustainability in a sports economy that is ever more reliant on deep-pocketed investors and evolving media rights deals.

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Adelaide 36ers terminate Montrezl Harrell’s contract after China doping scandal shocks NBL fans

The Adelaide 36ers cut ties with ex-NBA star Montrezl Harrell following his provisional doping ban linked to his time in China.

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Adelaide 36ers Terminate Montrezl Harrell’s Contract Amid China Doping Case

The Adelaide 36ers have officially terminated the contract of star import Montrezl Harrell, just days before the National Basketball League (NBL) season opener. The decision follows revelations that Harrell tested positive for a prohibited substance while playing in the Chinese Basketball Association (CBA) earlier this year.

The 30-year-old forward, known for his high-energy style during his NBA career, had been serving a provisional suspension imposed by anti-doping authorities. The test in question was conducted in April 2025 while Harrell was playing for the Xinjiang Flying Tigers, with the positive result confirmed two months later.

The 36ers, who signed Harrell in September 2024 and re-signed him in May 2025, said they had “no choice” but to release him.

“As it stands, Harrell is not permitted to train or play,” the club said in a statement. “And with no timeline on when the process will be finalised and no certainty on any sanctions, the club has been left with no option but to terminate Harrell’s contract to allow it to finalise the playing roster.”


Harrell’s Rise and Fall

Montrezl Harrell was once one of the NBA’s most dynamic bench players, winning the NBA Sixth Man of the Year Award in 2020 while playing for the Los Angeles Clippers. Over the course of more than 500 NBA games, he suited up for franchises including the Houston Rockets, Washington Wizards, and Charlotte Hornets.

Adelaide 36ers Terminate Montrezl Harrell’s Contract Amid China Doping Case

When his NBA opportunities diminished, Harrell turned to overseas basketball, eventually joining the Chinese league. The move to Adelaide was seen as a chance to revive his career and bring star power to the NBL. His signing generated headlines, and fans were excited to see his aggressive rebounding and inside scoring energize the 36ers.

But the doping scandal now casts a shadow over that comeback story.


Timing Leaves the 36ers Scrambling

The timing of Harrell’s positive test could not have been worse for the 36ers. With the season set to tip off against the Brisbane Bullets in just days, the club is left scrambling to find a replacement import.

Under NBL rules, clubs are permitted to carry multiple imports, but the market for experienced players this late in the preseason is limited. The 36ers will likely explore both domestic talent and overseas recruits in a bid to shore up their frontcourt before Sunday’s opener.

Head coach Scott Ninnis faces the challenge of reshaping the roster on short notice. Fans are understandably concerned about how losing a marquee name will affect Adelaide’s playoff hopes.


Confidentiality and WADA Oversight

The club stressed it could not provide detailed comments on the matter due to the confidentiality policies of the World Anti-Doping Agency (WADA).

Adelaide 36ers Terminate Montrezl Harrell’s Contract Amid China Doping Case

That means crucial details—such as the substance involved or Harrell’s potential defense—remain unknown. The uncertainty over how long the suspension might last ultimately forced Adelaide’s hand. Without clarity, the risk of holding a roster spot for Harrell became untenable.


Impact on the NBL

For the NBL, the incident is a reminder of the complexities that come with recruiting high-profile imports. Harrell was expected to boost ticket sales and bring international attention to the league, particularly given his NBA pedigree. Instead, the headlines now focus on a doping scandal.

The NBL has worked hard to position itself as one of the strongest basketball leagues outside the NBA, attracting stars like LaMelo Ball in recent years. While Harrell’s exit is a setback, league officials will hope the focus quickly shifts back to on-court action once the season begins.


Harrell’s Future

For Harrell, the road back to professional basketball is unclear. If the doping case results in a lengthy suspension, his chances of returning to the NBL—or any major league—could be severely damaged.

However, players in the past have rehabilitated their careers after doping controversies, provided they comply with sanctions and rebuild trust with fans and clubs. At 30, Harrell still has time, but the reputational damage is undeniable.


Final Word

The termination of Montrezl Harrell’s contract is a blow not only to the Adelaide 36ers but also to the NBL’s growing reputation. It underscores the risks clubs face when signing imports with complex playing histories.

For Adelaide, the focus now shifts to finding a new star who can carry the team into the new season. For Harrell, the challenge will be clearing his name—or facing the reality that his professional basketball journey may have reached an abrupt and unwanted conclusion.

Stay tuned with Daily Global Diary for breaking updates on this developing story and more coverage from the world of sports.

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Yankees Underdogs? Rangers Favored as Marcus Semien Eyes Redemption Tonight at Globe Life Field

With Cody Bellinger heating up and Josh Smith struggling, tonight’s Rangers vs. Yankees game could flip expectations — especially with oddsmakers giving Texas the edge.

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Rangers vs Yankees August 5 Preview: Odds, Judge Return & Key Players
Marcus Semien gears up ahead of Rangers-Yankees clash at Globe Life Field, where Texas is listed as the betting favorite.

Tuesday night’s showdown between the Texas Rangers and the New York Yankees at Globe Life Field (8:05 p.m. ET) is drawing serious betting interest — but it’s also turning into a test of consistency, streaks, and redemption stories.

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With the Rangers listed as -137 moneyline favorites, and the Yankees as +115 underdogs, the bookmakers are clearly leaning toward the home team. But is that the smart bet?

Let’s dig into the key players and numbers that could shape this clash.

Marcus Semien Needs to Spark

Rangers infielder Marcus Semien isn’t having his most dominant year, but he remains a crucial piece of the lineup. Batting just .226, Semien’s stats may look modest — 14 doubles, 13 home runs, and 45 walks — but his presence at the plate is often about more than just averages.

In terms of MLB rankings, Semien currently stands 142nd in batting average, 130th in on-base percentage, and 140th in slugging — not exactly MVP numbers, but enough to make him a threat if he gets going.

Josh Smith: A Hit-or-Miss Contributor

Infielder Josh Smith leads the Rangers with a team-best .269 batting average, but his power numbers remain low. He’s 159th in home runs and 209th in RBIs across Major League Baseball.

Smith is currently riding a two-game hitting streak, but over his last five outings, he’s managed a disappointing .143 batting average with just two RBIs. If the Rangers are to cover the -1.5 run line (with +152 odds), Smith will need to step up under the lights.

Cody Bellinger Could Tip the Scale

Over in the Yankees camp, Cody Bellinger is the one to watch. A former NL MVP, Bellinger has been warming up at the plate and could pose a major threat to Rangers pitching.

The Yankees, known for their explosive potential, are looking to prove that their underdog status in this matchup is temporary. One solid inning from hitters like Bellinger or Aaron Judge could shift the game’s momentum in a heartbeat.

Betting Angle: What to Watch For

The over/under is set at 8 runs, suggesting that oddsmakers expect a fairly balanced offensive game. But with both teams showing inconsistencies at the plate, betting on the under could be a safer move — unless Bellinger or Semien decide to explode offensively.

Meanwhile, fans and punters alike are watching closely to see if the Rangers can continue justifying their favorite status, or if the Yankees will deliver the upset win that resets the narrative.

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Aliyah Boston Breaks Records as Indiana Fever Survive Nail-Biter Against Seattle: ‘This Team is Not Done Yet…

Fever stretch their win streak to five, tying a decade-long franchise record—Aliyah Boston, Natasha Howard and Sophie Cunningham shine in thriller against Seattle Storm.

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Aliyah Boston Sets Fever Record in Gritty Win Over Seattle Storm | WNBA 2025
Aliyah Boston celebrates a record-setting night as Indiana Fever secure their fifth straight victory in Seattle.

In a night filled with nerves, records, and resilience, the Indiana Fever pulled off a thrilling 78-74 win against the Seattle Storm, notching their fifth consecutive victory and tying their longest winning streak in over ten years.

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It wasn’t just another win—it was a statement.

Natasha Howard, with a team-leading 21 points, and Sophie Cunningham, with a flawless 17-point performance, carried the offense early. The duo combined for 22 first-half points, giving the Fever a much-needed 42-34 lead at halftime.

But it was Aliyah Boston—the 2023 WNBA Rookie of the Year—who stole the show with her 38th career double-double (16 points and 12 rebounds). With 932 career rebounds, Boston just passed franchise legend Tammy Sutton-Brown for the fourth-most in team history—and she did it in only 109 games.

I just want to keep pushing this team forward,” Boston said postgame. “We know our potential.

Cunningham was nothing short of perfect in the first half, hitting 3-of-3 from the field, 2-of-2 from deep, and 2-of-2 at the line, finishing with a season-high 17 points.

Seattle made a final push in the last moments of the fourth quarter, pulling within a single point with just 10.7 seconds on the clock. But Kelsey Mitchell‘s clutch layup followed by Boston’s calm free throw sealed the Fever’s historic road win.

Adding to the highlights, Aari McDonald dished out a season-high nine assists—just one shy of her career-best set in 2024.

Boston’s 14 double-doubles this season trail only Angel Reese (17), further proving her value as one of the WNBA’s most dominant forces. Only A’ja Wilson, Alyssa Thomas, Reese, and Breanna Stewart have recorded more since 2023.

With playoff hopes alive and momentum building, this Indiana Fever squad is no longer the underdog—they’re a rising storm in the WNBA.

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