Tag Archives: Buss

The NBA board of governors unanimously approved Mark Walter’s bid to buy a majority stake in the Lakers on Thursday, the league announced, marking a major shift for one of L.A.’s most significant sports teams. The Lakers had been a family-run team since Dr. Jerry Buss bought the franchise in 1979. When he died in 2013, control went into a …

Mark Walter has moved one step closer to becoming the controlling owner of the Los Angeles Lakers. The NBA announced on Thursday that the board of governors unanimously approved Walter’s purchase of the Lakers from the Buss family, with Ramona Shelburne of ESPN reporting that Walter closed on the sale of the team after being approved by the league. The …