AEG and the Los Angeles Lakers announced that Phil Anschutz’s 27% minority ownership stake in the team has officially been sold to L.A. Dodgers owners Mark Walter and Todd Boehly after the NBA’s Board of Governors approved the transaction.
As a part of the deal, Boehly will be joining the Lakers Board of Directors, representing both his and Walter’s interests.
“Since we first acquired the interest in the Lakers 25 years ago, the Buss family and the entire Lakers organization have been true partners in every way, and we couldn’t be more appreciative,” said Dan Beckerman, President and CEO of AEG.