After reaching a $10 billion valuation agreement over the summer, Mark Walter is officially the majority owner of the L os Angeles Lakers .

Jeanie Buss sold her stake to the current chairman and controlling owner of the Los Angeles Dodgers in June after owning the majority of the franchise since 1979.

"The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness," Walter said in a release.

"Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court."

When Jerry Buss died in 2013, the Lakers were passed down to his children, and Jea

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