Having overseen a decade-plus of success with the Los Angeles Dodgers, Mark Walter is further expanding his business portfolio by purchasing a majority stake of the Los Angeles Lakers from the Buss family.

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

"Laker fans should be estatic [sic]," he wrote. "A few things I can tell you about Mark - he is driven by winning, excellence, and doing everything the right way. AND he will put