""The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness," Walter said in a statement. "Few teams carry the legacy and global influence of the Lakers, and it's a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.""
""Over the past decade, I have come to know Mark well-first as a businessman, then as a friend and now as a colleague," Buss said. "He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.""
The NBA Board of Governors unanimously approved the sale of a majority interest in the Los Angeles Lakers to Dodgers owner Mark Walter. The transaction finalizes Walter officially taking over the Lakers from the Buss family. Jeanie Buss will remain governor and continue to oversee day-to-day team operations for a minimum of five years. The ownership arrangement reflects a view of professional sports as a global platform for inspiring performance, purpose, and community. Walter and Buss emphasized the Lakers' legacy and commitment to pursuing championships. Todd Boehly joins Walter in the Lakers ownership group, and Walter holds multiple other sports investments.
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