This article was originally published on www.si.com/nba/lakers/onsi as Lakers New Majority Owner Releases Statement After Team Sale Finalized. Los Angeles Lakers new owner Mark Walter issued a statement now that the sale has been finalized.

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.

The NBA’s latest update marks a turning point for the Los Angeles Lakers as the franchise builds toward its next era.

Austin Reaves is on an absolute tear to start the new NBA season for the Los Angeles Lakers.

The Los Angeles Lakers continue to navigate the early stage of the season without LeBron James.