The Lakers $10 billion deal will be completed in the second half of the year! Jenny speaks for the first time: Continue the extraordinary legend

On June 26, according to the Associated Press, businessman Mark Walter's acquisition of a majority stake in the Los Angeles Lakers is expected to be completed in the third or fourth quarter of this year, which valued the team at a valuation of $10 billion. In a statement today, the two sides confirmed that Jenny Buss will continue to serve as team manager and will continue to be responsible for the comprehensive supervision of the team's daily operations for the foreseeable future." The Bass family has been in charge of the Lakers for 46 years.

Walter has been a minority shareholder of the Lakers since 2021. Jenny Buss' father Jerry Buss bought the team in 1979.

Jenny Buss spoke out for the Lakers' sales for the first time: "From the day my father acquired the Lakers, we have been determined to bring what we deserve and expect to the City of Los Angeles: a team dedicated to - relentlessly - winning with passion and style. I have known Mark (Walter) for a long time and I am very happy to find that he holds the same values ​​as us. Mark has been our outstanding partner for the past four years, and we are excited to continue working with him to continue the extraordinary legend of the Lakers."

Walter is the chairman and CEO of the diversified holding company TWG Global, which holds stakes in the Los Angeles Dodgers, WNBA Los Angeles Sparks, Cadillac Formula 1 and the Professional Women's Hockey League. He called the Lakers "long one of the most iconic teams in the sports world." "Since Jerry Bass first acquired the team in 1979, they have truly set the benchmark for basketball in era after era, which is why you can see people wearing Lakers jerseys anywhere in the world." About three months before the Lakers' sale agreement was reached, Bill Chisholm agreed to acquire the Boston Celtics at an initial valuation of $6.1 billion - which would have set a record, surpassing the previous sale price of $6.05 billion for the NFL Washington Commanders. The Celtics' sale transaction has not been completed yet and is pending final approval from the NBA board of directors.