Los Angeles Lakers will be the owner of a new majority for the first time in 46 years when Mark Walter took over the Bus family at the NBA Franchise.
According to the ESPN report, the family of the Bus family has a contract to sell the majority of stake in Los Angeles Lakers by marking the end of the era of the NBA’s most influential owners.
TWG Global Holding Company CEO and Chairman Mark Walter will get the majority of ownership under the agreement, which is worth $ 2 billion, ESPN informed on Wednesday, and has become the largest sales of the professional sports team.
Boston Celtics was the latest NBA franchise in March to change ownership. The investment group led by Bill Chisholam.
Walter is already an established person in Los Angeles Sports, MLB Team Los Angeles Dosers and WNBA Franchise Los Angeles have existing shares in Angelis Sparks.
Lakers did not respond immediately to the comment request.
Late Jerry Bus purchased the lacquer in 1979. In the 1980s, his now-IIConic “Shotime” era was converted to the most popular franchise in the business sports field.
After Jerry’s death in 2013, his daughter, Gini Bus, took over as the main owner, which made her one of the most powerful women in the game.
According to the ESPN report, Gini Bus will remain as the governor after selling. Lakers Hall of Fame Point Guard earwin “Magic” Johnson – Bus family, a former player, coach and executive team congratulated both parties for reaching the agreement.
“Lake fans should be enthusiastic. I can tell you about Mark-they are winning, excellence and everything is carried out in the right way,” Johnson, co-owner of Dosers in favor of Walter, said in a post on X.
“It will keep the resources needed to win but I can understand why Jinny sold Walter to Mark Walter because they are just the same.
“My sister did a good choice for my sister’s Genny Bus to make an incredible agreement and choose the right person to choose the legacy and the tradition of winning … Mark Walter is the best choice and the best career of the Laker brand.”
