The next era of the Los Angeles Lakers is finally here as Luka Doncic is the franchise’s new leading man, but the organization will soon be transitioning leadership as well.
Earlier this year, news broke that minority owner Mark Walter would be purchasing a majority stake in the Lakers from the Buss family. Walter reportedly will purchase the controlling share at a valuation of $10 billion, making it the largest purchase in sports history.
When the news initially came out, the sale was projected to be finalized toward the end of the 2025 calendar year. However, it seems as though Walter has a a chance to be approved as the new controlling governor of the team as soon as the end of next week, via Ramona Shelburne of ESPN:
Businessman Mark Walter is scheduled to present his bid to acquire the Los Angeles Lakers to the NBA’s Advisory Finance Committee on Friday and could be approved as the franchise’s new majority owner by the end of the month, sources with knowledge of the process told ESPN.