Mark Walter might have his bid to turn out to be the brand new majority proprietor of the Los Angeles Lakers accepted by the NBA’s Board of Governors the top 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 12 months.
Walter can be the controlling proprietor of the Los Angeles Dodgers, whereas he additionally owns the Los Angeles Sparks and is part proprietor of Chelsea FC. Walter bought the Dodgers in 2012 for $2.15 billion and the franchise is now price as a lot as $7.7 billion.
Jeanie Buss will stay in her position for the foreseeable future because the Buss household will retain a minority possession stake of greater than 15 p.c.
