Jesse Marsch, Canada Soccer face discipline from Concacaf for Gold Cup actions

Editorial Staff / 2 minutes
June 19, 2025
0
3 min read

Soccer coach in black jacket, arms crossed.

Concacaf announced Wednesday that it has initiated disciplinary proceedings to investigate the Canadian Soccer Association (CSA) and its head coach, Jesse Marsch.

The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing so with a franchise valuation of $10 billion — the highest ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.

As part of the deal, Jeanie Buss — whose family has had control of the Lakers since her father bought the team in 1979 — intends to remain as team governor, said the person, who spoke to The Associated Press on condition of anonymity because neither side immediately announced details.

It is not clear how much more of the Lakers Walter is acquiring. He was part of a group that bought 27 per cent of the Lakers in 2021. Jeanie Buss will still own at least 15 per cent of the Lakers once this transaction is completed; by NBA rule, a governor must have at least that much of an ownership stake.

Walter and TWG Global already had the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women’s Hockey League, and — through TWG Motorsports — owns several auto racing teams, including Cadillac Formula 1.

Dodgers manager Dave Roberts said news of the sale to Walter marks “a very exciting day for the Lakers, for the city of Los Angeles.”

“He’s very competitive and he’s going to do everything he can to produce a championship-calibre team every single year and make sure the city feels proud about the Lakers and the legacy that they’ve already built with the Buss family,” Roberts said.

ESPN first reported the agreement.

“Mark Walter is the best choice and will be the best caretaker of the Laker brand,” Lakers legend Magic Johnson, a business partner of Walter’s and someone extremely close to Jeanie Buss, posted on social media. “The proof is in the pudding on what he’s been able to accomplish with the LA Dodgers. Mark has been nothing short of a winner, notching 2 World Series and 11 NL West divisional titles in the last 12 years!”

Johnson said he is certain Jeanie Buss made the deal only after being convinced that Walter will do right by the Lakers.

“Laker fans should be (ecstatic),” Johnson said. “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 — they are competitive people, have big hearts, love to give back, and both prefer to be behind the scenes. This makes all the sense in the world.”

Walter is intensely private in shunning the spotlight. He is CEO of the financial services firm Guggenheim Partners, which is estimated to have more than $325 billion in assets. Johnson is among Guggenheim’s investors.

The agreement for the sale of the Lakers comes about three months after Bill Chisholm agreed to buy the Boston Celtics with an initial valuation of $6.1 billion — which was going to be a record, topping the previous mark of $6.05 billion sale for the NFL’s Washington Commanders. The Celtics’ sale is not yet finalized, pending final approval by the NBA’s board of governors. That board is scheduled to meet in Las Vegas next month.

And now, the Lakers are sold with a valuati

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