Magic Johnson Reacts to Lakers Owner Mark Walter’s Prestigious Snub

The Boston Celtics and the Los Angeles Lakers set the bar really high this year. A $6.1 billion and a $10 billion sale, respectively, doesn’t seem like a matter of joke! It simply shows that the team values have skyrocketed over the years. The sports world and its empires are thriving. In word of mouth, lists, and more, you’ll find their names etched in gold. But not Mark Walter’s, and that seems to be upsetting for Magic Johnson.

Sports bankers and executives told CNBC that empires work like sleek software firms, guarding prized intellectual property while squeezing out bigger profits through central control. Costs for back-office jobs such as HR and accounting hardly climb as new arenas or teams join the fold, fueling scale. Yet, each empire bends differently, buying distinct teams, businesses, and territories.

Heading the chart is the Denver Nuggets’ owners, Kroenke Sports & Entertainment. Followed by the Jones Family, and Harris Blitzer Sports & Entertainment. The Fenway Sports Group and Madison Square Garden Sports Corp. followed them. And yes, Mark Walter’s Guggenheim Partners name seems to be nowhere. Thus, taking to his X handle, Magic Johnson put out a word for his business partners. He tweeted: “My business partner Mark Walter, owner of the Dodgers, Lakers, and Sparks, should definitely be on this list!”

My business partner Mark Walter owner of the Dodgers, Lakers, and Sparks should definitely be on this list! https://t.co/46LZtdoqlA

— Earvin Magic Johnson (@MagicJohnson) September 5, 2025

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