Mark Walter Secures Majority Stake in Los Angeles Lakers Purchase

Mark Walter has officially become the majority owner of the Los Angeles Lakers. The NBA Board of Governors approved his acquisition of a controlling stake from the Buss family, confirming the next steps in the transaction.

Details of the Ownership Transfer

The purchase was initially announced in June, with the sale of the NBA’s most valuable franchise expected to finalize soon. The Lakers organization and the league made the official confirmation of this ownership transition.

Role of Jeanie Buss

Jeanie Buss will continue to serve as the Lakers’ governor for at least the next five years. She will also manage the team’s daily operations for the foreseeable future. Jeanie is the daughter of Jerry Buss, who originally purchased the franchise in 1979.

Highlights

• Mark Walter becomes majority owner of the Los Angeles Lakers.
• The NBA Board of Governors approved the deal.
• The sale was first announced in June.
• Jeanie Buss retains her position as the team governor.
• Ownership transition is expected to close shortly.

This significant ownership change marks a new chapter for the Los Angeles Lakers, reflecting both stability and continuity in its leadership. Fans and stakeholders are eager to see how this shift will influence the team’s future in the NBA.