Los Angeles Dodgers owner Mark Walter is set to purchase a majority stake in the Los Angeles Lakers from the Buss family, as reported by ESPN. Jeanie Buss will remain involved as the team's Governor. Walter, who became a minority stakeholder in the Lakers in 2021, has a diverse portfolio in professional sports, including ownership interests in the Dodgers and the Los Angeles Sparks. This deal marks a significant shift in the Lakers' ownership structure, following the earlier management by Jerry Buss, who bought the team in 1979.
"The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell ESPN."
"Jeanie Buss will continue to serve in her role as Governor after the sale, highlighting her ongoing influence within the organization even after the majority stake is sold."
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