Mark Walter’s acquisition of majority ownership of the Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.

Dr. Jerry Buss, Jeanie's father, bought the Lakers from Jack Kent Cooke in 1979 for $67.5 million. Head coach JJ Redick and All-Stars Luka Doncic and LeBron James lead the Lakers.