Businessman Mark Walter Acquisition of majority ownership stake of Los Angeles LakersWho puts in a deal Franchise valuation $ 10 billionIt is expected to close in the third or fourth quarter of this year.

In a statement on Wednesday, the sides confirmed that the Jenny Bush-Jin’s family had controlled the back of 46 years-the governor of the team will remain and “all teams will continue to oversee on day-to-day basis for the future of the future.”

Walter has been a minority owner of 2021. Jerry Bus’s father Jerry Bus bought the team in 1979.

“From the day our father bought with up, we are firm to the deserved and demands of the city of Los Angeles: A team that is committed to win – continuously – and with passion and with style to do so,” Jean Bous said.

“I have known Mark very well over time and are happy to know how he shares the same values. For the last four years, Mark has been an excellent partner for us, and we are thrilled to work with him to continue the extraordinary heritage of Laks.”

Walter, Chairman and CEO of TWG Global, a diverse holding company, has ownership bets Los angeles doorsWNBA Los angeles sparksBilly Jean King Cup, Cadilac Formula 1 Team and Professional Women’s Hockey League.

He said that Laks is “one of the most prestigious franchisees in the game for a long time”.

“Since Dr. Jerry Bus first bought the team in 1979, he actually set a standard for basketball in one era after another, which is why you can find people wearing Lake shirts and jerseys anywhere in the world,” Walter said.

After agreeing to buy Bill Chisholm, an agreement was reached for the sale of and the sale came after about three months. Boston Celtics With an initial assessment of $ 6.1 billion – which was going to be a record, was leading the previous points of $ 6.05 billion in sales for NFL Washington Commander,

Cultics’ sales have not yet been finalized, pending final approval by NBA’s Board of Governors.