Mark Walter might have his bid to turn into the brand new majority proprietor of the Los Angeles Lakers accredited by the NBA’s Board of Governors the tip of the month. Walter was scheduled to current his bid to buy the Lakers to the NBA’s Advisory Finance Committee on Friday.
Walter agreed to buy the Lakers at a $10 billion valuation earlier within the yr.
Walter can also be the controlling proprietor of the Los Angeles Dodgers, whereas he additionally owns the Los Angeles Sparks and is a component proprietor of Chelsea FC. Walter bought the Dodgers in 2012 for $2.15 billion and the franchise is now value as a lot as $7.7 billion.
Jeanie Buss will stay in her function for the foreseeable future because the Buss household will retain a minority possession stake of greater than 15 p.c.
