💨 Abstract

Businessman Lloyd (?) Mark Walter's acquisition of a majority ownership stake in the Los Angeles Lakers for a $10 billion valuation is set to close by the end of this year. Jeanie Buss, whose family has owned the Lakers since 1979, will stay on as governor and oversee daily operations. Walter, already a minority owner since 2021, praises the Lakers' global iconic status and shares the Buss family's commitment to winning.

Courtesy: WTOP Staff