When Mark Walter purchased the majority ownership of the Lakers last year, expectations for the franchise’s short- and long-term future soared.
After being primarily owned by the Buss family – first Dr. Jerry Buss and then his children, led by Jeanie Buss – for 46 years, which was the longest majority ownership tenure in the NBA, the Lakers were entering a dawn of a new era.
The Lakers, the league’s glamour franchises, were going from a mom-and-pop operation to a more traditional, corporate infrastructure under Walter.
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