The Buss family's four-decade run as majority owner of the Los Angeles Lakers is ending as the NBA approved the sale of the team to Mark Walter.

The Los Angeles Lakers may be without multiple key players in Friday night’s game against the Memphis Grizzlies. Lakers and Grizzlies face off Friday to begin NBA Cup group play. Both teams have 3-2 records, aiming for their fourth win of the season.

Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family

LOS ANGELES - In one of the biggest sales in sports history, the NBA Board of Governors officially approved the sale of the Los Angeles Lakers to Mark Walter, it was announced Thursday. Walter, CEO of Guggeneheim Partners, is also the co-owner and chairman of the Dodgers, who are currently fighting for back-to-back World Series championships.

Billionaire Mark Walter has been confirmed as the new majority owner of the Los Angeles Lakers by the NBA. Walter was unanimously approved by the NBA Board of Governors on Thursday before immediately closing on the purchase of the franchise from the Buss family at a reported $10bn valuation.

Luka Doncic has etched his name in the history books alongside the likes of Wilt Chamberlain with his latest performance.

Mark Walter has closed his acquisition of a majority stake in the Los Angeles Lakers in a deal worth an estimated $10 billion.

NEW YORK – The NBA Board of Governors has unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter. The transaction is expected to close shortly.

A former top NBA draft pick and Los Angeles Lakers player ripped Bronny James after seeing him play against Portland.