The NBA officially announced today that the NBA Board of Governors unanimously agreed to approve Mark Walter’s acquisition of the Lakers with a majority stake. The transaction is expected to be completed in the near future!

Jenny Buss talked about Mark Walter, she said: "Over the past ten years, I have gradually gotten to know Mark - first as a business partner, then as a close friend, and now as a colleague working side by side. He has demonstrated his determination to bring a championship to Los Angeles. On behalf of Lakers fans around the world, I am extremely excited about our brilliant future prospects."