"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. 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. 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"
The NBA board of governors unanimously approved Mark Walter's bid to buy a majority stake in the Los Angeles Lakers. The Lakers were family-run after Dr. Jerry Buss bought the franchise in 1979 and control moved to a family trust when he died in 2013. Jeanie Buss will continue as the team's governor and oversee day-to-day operations for the foreseeable future and will remain governor for at least five years post-transaction. Walter and Todd Boehly previously became minority stakeholders in 2021 when they purchased 27% of the franchise. Walter also leads the ownership groups for the Dodgers and Sparks.
Read at Los Angeles Times
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