Today the Lakers officially announced that after unanimous approval by the NBA Board of Directors, Mark Walter officially purchased the team with a majority stake.
According to previous Shams reports, Walter’s deal to acquire the Lakers is valued at approximately US$10 billion! Will set a global professional sports team record!
Famous reporter Ramona Shelburne followed up and said: "Bass still serves as the Lakers team representative/major shareholder representative (Governor), and Walter currently serves as the alternate team representative/alternate shareholder representative (Alternate) Governor), Walter is the majority owner and major shareholder of the team, while the Bass family retains more than 15% of the minority stake. "
"This transaction has been approved by the NBA and completed. In other words, Walter's funds have been fully secured!"
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