The Los Angeles Lakers concluded the 2024-25 NBA season with a notable 50-32 record, claiming the Pacific Division title under the new guidance of head coach JJ Redick—marking a significant turnaround since their last division win in 2020. The team boasted a powerful offense, featuring superstars LeBron James and Luka Dončić, acquired midseason. However, despite these strengths, the Lakers faced an unexpected early playoff exit, being upset 1-4 by the Minnesota Timberwolves in the first round.

Off the court, a major shift occurred as the Buss family agreed to sell majority ownership of the Lakers to Mark Walter, CEO of TWG Global Holdings. Jeanie Buss will retain her position in basketball operations, ensuring continuity in leadership as the franchise transitions to a new era under Walter's financially backed stewardship. Walter's investment history includes ownership stakes in several prominent sports franchises, indicating a strategic shift aimed at enhancing the Lakers' brand and competitive viability.