In a shocking development for Lakers fans, the Buss family announced it would sell its majority stake in the franchise to Mark Walter, marking the end of their long-standing majority ownership since the 1970s. Despite the sale, Buss will retain her position as the team's governor, signifying ongoing influence within the franchise. Walter, who prefers a more reserved approach akin to his background, contrasts with former Mavericks owner Mark Cuban's active involvement, indicating a different operational dynamic for the Lakers moving forward.
In a surprising turn of events, the Buss family will sell their majority stake in the Lakers to Mark Walter, yet they will still remain involved.
This transition is guaranteed and has been part of the arrangement since Walter acquired a minority stake in 2021, fostering a strong relationship.
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