The news of the sale of the Los Angeles Lakers to Mark Walter, CEO of TWG Global and owner of the Los Angeles Dodgers, came as a shock to many with the Buss family having owned the majority share since Dr.

The Los Angeles Lakers will have new majority ownership, selling to Mark Walter, the CEO of TWG Global and controlling owner of the Dodgers.

Mark Walter, the owner of the Los Angeles Dodgers, is entering into an agreement to buy majority ownership of the Los Angeles Lakers, according to ESPN. Jeanie Buss will retain her role as the team's governor after the sale, according to the report.