Los Angeles Dodgers co-owners Mark Walter and Todd Boehly have officially purchased Phil Anschutz’s 27% stake in the L.A. Lakers. The transaction was approved by the NBA Board of Governors.
“The Los Angeles Lakers are one of the most successful and admired franchises in sports history,” Walter said in a statement.
“I have watched the organization grow under Jeanie’s leadership and couldn’t be more excited to partner with her and the entire management team. I am committed to supporting the franchise’s iconic status by continuing to bring together culture, community and entertainment to Lakers’ fans.”
Boehly joins the Lakers’ board of directors, where he will also represent the interests of both Walter.