Mark Walter has reached an agreement to acquire a majority stake in the Lakers from the Buss family at a valuation of $10 billion. Lakers legend Magic Johnson praised Walter, highlighting his dedication to improving the team and the community. Johnson expressed confidence in Walter's leadership for the long-term future of the franchise. Jeanie Buss, the current owner, also believed that selling to Walter was the right move, as he has a longstanding interest in the team and shares the values of the Buss family.
"Mark is a man who cares and loves winning and will always care about investing the money in making not only the team better but the organization better..."
"One thing that Jeanie [Buss] was going to do is put [the franchise] in the right hands... Mark Walter is the right person to take over..."
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