The Los Angeles Lakers, a storied NBA franchise, have agreed to sell a majority stake to Dodgers owner Mark Walter, pending NBA Board of Governors' approval in late 2025. Jeanie Buss, representing the Buss family, expressed pride in their long stewardship of the team and alignment with Walter's values aimed at preserving the team's legacy. Walter, who has been involved with the Lakers since 2021, acknowledged the team's iconic status and expressed excitement for future collaboration to maintain the Lakers' elite status in basketball.
"The Buss family is deeply honored to have looked after this incredible organization for almost half a century," Jeanie Buss said in a 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."
"The Lakers have long been one of the most iconic franchises in sports," said Walter. "Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another, which is why you can find people anywhere in the world wearing Lakers shirts and jerseys."
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