The NBA Board of Governors unanimously approve the sale, giving Walter a majority stake in the esteemed franchise.

Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family.

The Buss family's four-decade run as majority owner of the Los Angeles Lakers is ending as the NBA approved the sale of the team to Mark Walter.

NEW YORK – The NBA Board of Governors has unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter. The transaction is expected to close shortly.

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.

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A former top NBA draft pick and Los Angeles Lakers player ripped Bronny James after seeing him play against Portland.

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