Mark Walter secures NBA team ownership with Jeanie Buss involved
Yahoo Sports • 1 min read • Latest: Aug 19, 2026, 10:28 PM
Last updated Aug 19, 2026
Mark Walter is set to acquire the Los Angeles Lakers, with Jeanie Buss remaining as the governor overseeing day-to-day operations. Legal sources clarify that as a minority shareholder, Buss cannot be the controlling owner. Walter's deal recognizes Buss's leadership role for the foreseeable future, despite her lack of control. Discussions surrounding ownership structures follow a trend in NBA governance terminology since 2019.
- •Mark Walter is acquiring the Los Angeles Lakers.
- •Jeanie Buss will remain as governor, overseeing daily operations.
- •Buss cannot be a controlling owner due to her minority status.
- •The NBA officially refers to team owners as governors since 2019.
- •Sources clarify the ownership structure and management dynamics.
- 10:28 PMYahoo Sports — “Having seen other agreements, Mark Walter was not …
"“Having seen other agreements, Mark Walter was not …
Sources
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