Walter

The NBA board of governors unanimously approved Mark Walter’s bid to buy a majority stake in the Lakers on Thursday, the league announced, marking a major shift for one of L.A.’s most significant sports teams.

The Lakers had been a family-run team since Dr. Jerry Buss bought the franchise in 1979. When he died in 2013, control went into a family trust with daughter Jeanie Buss acting as the team’s governor. The Buss family built the team into one of the most recognizable brands in sports, eventually attracting a record-breaking $10-billion valuation. While the sale was finalized, Jeanie Buss will be the team’s governor for at least five years after the transaction officially closes, the league announcement stated.

“The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness,” Walter said in a statement released by the team. “Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”

Walter, who also heads the group that owns the Dodgers and the Sparks, was seated next to Buss at the Lakers’ season opener on Oct. 21. Walter and Todd Boehly have been minority stakeholders in the Lakers since 2021 when they bought 27% of the franchise.

To represent the team as a governor, a minority owner must have at least 15% stake of their team. Buss will continue to oversee day-to-day team operations for the foreseeable future, the Lakers announced.

“Over the past decade, I have come to know Mark well — first as a businessman, then as a friend and now as a colleague,” Buss said in a statement. “He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.”

During a recent Lakers game, when the camera panned to Buss and Walter sitting courtside, Buss held one finger up to show off a gaudy Lakers championship ring. In 2020, she became the first female controlling owner to win an NBA championship as the Lakers collected their 17th title.

With 11 championships under the Buss family’s watch, the Lakers became a global sports phenomenon with stars including Kareem Abdul-Jabbar, Magic Johnson, Shaquille O’Neal and Kobe Bryant plus the latest wave of LeBron James and Luka Doncic. When Doncic signed a three-year, $165-million contract extension in August, the 26-year-old superstar thanked both Walter and Buss for their belief in his talent.

OKLAHOMA CITY — Oklahoma’s new public schools superintendent announced Wednesday he is rescinding a mandate from his predecessor that forced schools to incorporate the Bible into lesson plans for students.

Superintendent Lindel Fields said in a statement he has “no plans to distribute Bibles or a Biblical character education curriculum in classrooms.” The directive last year from former Superintendent Ryan Walters drew immediate condemnation from civil rights groups and prompted a lawsuit from a group of parents, teachers and religious leaders that is pending before the Oklahoma Supreme Court. It was to have applied to students in grades 5 through 12.

Oklahoma Gov. Kevin Stitt appointed Fields to the superintendent’s post after Walters resigned last month to take a job in the private sector.

Jacki Phelps, an attorney for the Oklahoma State Department of Education, said she intends to notify the court of the agency’s plan to rescind the mandate and seek a motion to dismiss the lawsuit.

Many schools districts across the state had decided not to comply with the Bible mandate.

A spokeswoman for the state education department, Tara Thompson, said Fields believes the decision on whether the Bible should be incorporated into classroom instruction is one best left up to individual districts and that spending money on Bibles is not the best use of taxpayer resources.

Walters in March had announced plans to team up with country music singer Lee Greenwood seeking donations to get Bibles into classrooms after a legislative panel rejected his $3 million request to fund the effort. The plaintiffs in the lawsuit challenging the Bible mandate did not immediately comment.

Walters, a far-right Republican, made fighting “woke ideology”, banning certain books from school libraries and getting rid of “radical leftists” who he claims were indoctrinating children in classrooms a focal point of his administration. Since his election in 2020, he imposed a number of mandates on public schools and worked to develop new social studies standards for K-12 public school students that included teaching about conspiracy theories related to the 2020 presidential election. Those standards have been put on hold while a lawsuit challenging them moves forward.

Thompson said the agency plans to review all of Walters’ mandates, including a requirement that applicants from teacher jobs coming from California and New York take an ideology exam, to determine if those may also be rescinded.

“We need to review all of those mandates and provide clarity to schools moving forward,” she said.

Murphy writes for the Associated Press.

WASHINGTON — President Trump is undergoing what he has described as a “semiannual physical” at Walter Reed National Military Medical Center on Friday.

The visit, which the White House announced earlier this week, comes as Trump is preparing to travel to the Middle East on the heels of a ceasefire deal in the Israel-Hamas war. White House press secretary Karoline Leavitt described it as a “routine yearly checkup,” although Trump had his annual physical in April.

The White House declined to explain why Trump was getting a yearly checkup six months after his annual exam. But in an exchange with reporters Thursday, he said it was a “semiannual physical.”

“I’m meeting with the troops, and I’m also going to do a, sort of, semiannual physical, which I do,” Trump told reporters in the Oval Office. “I think I’m in great shape, but I’ll let you know.”

The president is scheduled to return to the White House after his visit to Walter Reed, which is located in Bethesda, Maryland.

Trump’s April physical found that he was “fully fit” to serve as commander in chief. The three-page summary of the exam done by his doctor, Navy Capt. Sean Barbabella, said he had lost 20 pounds (9 kilograms) since a medical exam in June 2020 and said he has an “active lifestyle” that “continues to contribute significantly” to the well-being of the president, who’s 79.

In July, the White House announced that Trump recently had had a medical checkup after noticing “mild swelling” in his lower legs and was found to have a condition common in older adults that causes blood to pool in his veins. Tests by the White House medical unit showed that Trump has chronic venous insufficiency, which occurs when little valves inside the veins that normally help move blood against gravity gradually lose the ability to work properly.

At the April physical, Trump also passed a short screening test to assess different brain functions.

Kim writes for the Associated Press.

Oct. 9 (UPI) — The White House announced Wednesday that President Donald Trump will travel to the Walter Reed National Military Medical Center in Maryland for his routine yearly checkup — his second health screening in six months.

Trump is scheduled to visit Walter Reed on Friday morning for a planned meeting and remarks with troops, followed by what the White House press secretary Karoline Leavitt called in an emailed statement to UPI “his routine yearly checkup.” He will then return to the White House, she said.

The 79-year-old commander in chief last underwent an annual physical physical examination at Walter Reed in April.

After the examination, White House physician reported Trump “exhibits excellent cognitive and physical health and is fully fit to execute the duties of the commander in chief and head of state.”

In July, Trump was diagnosed by the White House physician with chronic venous insufficiency, which was causing swelling in his legs.

Concern over Trump’s health has been repeatedly raised, with the president over attempts to cover apparent bruises with what appears to be makeup.

Leavitt attempted to assuage worries over Trump’s physical well-being, stating the bruises were the product of “frequent handshaking and the use of aspirin.”

Walter Mosley has penned more than 60 novels in the course of about four decades, but the Easy Rawlins mysteries are arguably his most readily recognized body of work. After writing about Easy, Raymond “Mouse” Alexander and other memorable characters in the series since their 1990 debut in “Devil in a Blue Dress,” the Los Angeles native is certainly entitled to sit back and enjoy the significant milestone in Easy’s history. But neither the success, the accolades nor the 35-year anniversary matter to Mosley as much as the work itself.

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“It’s funny,” he muses over Zoom from his sun-drenched apartment in Santa Monica where he’s working one August afternoon. “Everyone has a career. Bricklayer, politician, artist, whatever. But what you think of as a career, for me it’s … I just love writing.”

It’s a good thing that he does. In the 17 mysteries in the series, Easy has given readers a front-row seat to Mosley’s vision of L.A.’s evolution from a post-World War II boom town proscribed by race and class to the tumultuous ’70s, with seismic social shifts for Black Americans, women and the nuclear family. These are the long-term changes that Easy must navigate in “Gray Dawn,” out Sept. 16.

The year is 1971 and Easy, now 50, is beset by memories of his hardscrabble Southern youth and first loves before he enlisted to serve in World War II in Europe and Africa. And while coming to L.A. after the war meant opportunity, real estate investments and success as “one of the few colored detectives in Southern California,” Easy has not lost his empathy for the underdog. So when he’s approached by the rough-hewn Santangelo Burris to find his auntie, Lutisha James, Easy leans in to help, even after he learns Lutisha is more dangerous than he suspected and brings with her an unexpected tie to his past. Then his adopted son, Jesus, and daughter-in-law run afoul of the feds and Easy must also figure out a way to save them from a certain prison sentence. Add assorted killers, business tycoons, Black militants and crooked law enforcement to the mix, all of whom underestimate Easy’s grit and outspoken determination to protect himself and his chosen family, and the recipe is set for another memorable tale.

Given Easy’s maturity and the world as it was in 1971, Mosley felt the need, for the first time, to write a note to readers to put Easy and his times into context. “When I was writing this book, I realized that, in 2025, there are some readers who may not understand where Easy’s coming from.”

Mosley’s introduction provides that frame, calling the combined tales “a twentieth century memoir” and linking them to the fight for liberation and equality. “Black people, people during the Great Enslavement,” Mosley writes, “weren’t considered wholly human, and, even after emancipation, were only promoted to the status of second-class citizenship. They were denied access to toilets, libraries, equal rights, and the totality of the American dream, which had often been deemed a nightmare.” But Easy, with his passion for community and love for the underdog, is always there to help. “He speaks for the voiceless and tried his best to come up with answers to problems that seem unanswerable.”

Despite these conditions, Mosley explains to me, the series’ recurring characters — Mouse, Jackson Blue, Fearless Jones, among others — who serve as Easy’s family of choice have prospered since the beginning of the series, Easy most of all. “Easy is a successful licensed PI, living on top of a mountain with his adopted daughter, plus his son and his family are around too. So for readers who pick up the series at this point, everything seems great. But then, Easy walks into a place [in the novel] and he’s confronted by some white guy who says, ‘Well, do you belong here?’ Before, when I had written something like that, I assumed that people are going to understand how those kinds of verbal challenges are fueled by the racism of the time. But this time I thought there are readers who may not understand it, even though it’s speaking to something about their lives or their world, even today.”

Easy Rawlins also speaks to other writers, who read the mysteries as a beacon of hope, a crack in the wall through which other voices can be heard.

S.A. Cosby, bestselling author of “Blacktop Wasteland” and “All the Sinners Bleed” and an L.A. Times Book Prize winner, clearly remembers his introduction to Easy’s world. “Reading ‘Devil in a Blue Dress’ was like being shown a path in the darkness. It spoke to me as a writer, as a Southerner and as a Black person,” he said in an email. “In some ways, it gave me ‘permission’ to write about the people I love.”

Easy also offers a unique lens through which to view L.A. Steph Cha, Times Book Prize winner for “Your House Will Pay,” discovered “Devil in a Blue Dress” as a freshman in college. “I was totally thunderstruck,” she said in an email. “This was before I had the context and vocabulary to articulate its importance in the broader literary landscape, but I knew I loved Easy Rawlins and his eye on Los Angeles. Walter was one of my primary influences when I started writing fiction. I even named a character Daphne in my second book after the missing woman in ‘Devil.’”

But why does the series endure? Cha credits the quality of the man himself: “Easy’s been through so much over 35 years, but he’s still the same guy, a man who will go anywhere, talk to anybody and bear anything, while still giving the feeling he bleeds as much as the rest of us.”

But Easy’s also thinking about the future, which in “Gray Dawn” means helping Niska, a young Black woman in his office, develop into a detective. Along the way, he shares his creed and his hope for what she will become one day: “‘Toes in the soil beneath my feet.’ That’s what a detective has to have. She has to know the city, its peoples, dialects, and languages. Its neighborhoods and histories. Everything you could see and touch. A detective’s mind has to be right there in front of her. Your city was your whole world.”

Back on our Zoom call, I ask Mosley whether he was thinking of Raymond Chandler’s seminal 1944 essay “The Simple Art of Murder” and the oft-quoted line “Down these mean streets…” when writing that passage. Not consciously, but he liked the comparison because “Easy in many ways is the opposite of Philip Marlowe.”

Not the least of which is his willingness to help a woman become a detective. “Even though Easy is skeptical about a woman being a detective,” he explains, “he recognizes it’s the 1970s and, with the women’s movement, he’s willing to help her if that’s what she wants.”

As the song goes, the times they are a-changin’, and Easy with them. What does Mosley hope readers take away from “Gray Dawn,” Easy’s midlife novel? “I want them to see how Easy has developed and changed over the years. And that family, even though Easy’s doesn’t look like the nuclear family, is what America has always been about.”

“I love being a writer so much that even if I had much less success, or even none, I would still be doing it,” Walter Mosley says.

(Myung J. Chun / Los Angeles Times)

Mosley’s also experienced enough to know that what writers hope readers understand and what readers actually see in their writing can be very different. And while he appreciates comments from writers like Cosby and Cha, he puts it all in perspective. “As a writer, I think it’s important for you to remember not to judge your success by what other writers have said about your work. Because writers more than anybody in literature are confused about what literature actually is. Writers will say, ‘I did this, and I did that, and I wrote this, and this was my intention, and I started here, and I moved it there.’ But the truth is you’ve written a book, you’ve created the best thing you could have written, and all these people have read it. And for every person who has read it, it’s a different book.”

Mosley is also a talented screenwriter, having served as an executive producer and writer on the FX drama “Snowfall.” Most recently, he shared a writing credit (with director Nadia Latif) for the screenplay of the upcoming film “The Man in My Basement” — an adaptation of his 2004 standalone novel — starring Willem Dafoe and Corey Hawkins. Mosley is particularly cognizant of how book-to-film translations can have different meanings for their creators.

“With very few exceptions, books and the films that they spawn are very different,” he explains. “And they have to be because books come to life in the mind of readers, who imagine the characters and places the writer describes. And books are language, and your understanding through language as a reader is a part of the process. But a film is all projected images. So when somebody says they’re writing a book, you tell them, ‘Show. Don’t tell.’ When you produce or direct a movie, they just say, ‘Show.’”

Mosley praises Latif, who, in her directorial debut, leaned into certain aspects of his novel. “She’s very interested in the genre of horror and uses certain elements of it in the film,” he notes. “But I don’t think she could do that without those elements already being there in the novel.”

Beyond “Gray Dawn” and the forthcoming film, Mosley’s collaborating with playwright, singer and actor Eisa Davis on a musical stage adaptation of “Devil,” as well as working on a monograph about why reading is essential to living a full life. But regardless of the medium, Mosley’s purpose is crystal clear. “For me, it’s about the writing itself,” he says, leaning in to make his point. “I love being a writer so much that even if I had much less success, or even none, I would still be doing it.”

My Life With the Walter Boys fans were left in a frenzy after spotting a clue that could suggest Jackie Howard and Cole Walter are endgame in the Netflix drama.

WARNING: This article contains spoilers from My Life With the Walter Boys.

My Life With the Walter Boys fans were absolutely thrilled to hear a Gracie Abrams hit featured during a pivotal scene between Jackie Howard and Cole Walter.

The second series of the Netflix teen romantic drama dropped today, Thursday, August 28, 18 months after that cliff-hanger ending.

Despite being in a relationship with Alex Walter (played by Ashby Gentry), Jackie Howard (Nikki Rodriguez) shared a steamy kiss with his brother Cole Walter (Noah LaLonde) in the barn.

This led her to abandon Silver Falls and head back to New York but following some words of wisdom from Katherine Walter (Sarah Rafferty), Jackie makes her way back to the ranch.

During the opening episode, Jackie did everything possible to steer clear of Cole, determined not to create drama once more but it’s the closing scene where he corners her alone in the barn.

Following an uncomfortable initial meeting, she attempts to leave when he pleads: “Can you please stop running away from me? Don’t go.”

Whilst this scene unfolds, Gracie Abrams’ 2024 smash Let It Happen soundtrack the moment with the tune intensifying until she spins round and they gaze at each other with burning intensity.

Delighted viewers flocked to social media to share their thoughts on this scene, with one posting: “Not them playing Let It Happen for Jackie and Cole OMG. The buzz.

“Let It Happen playing during the Jackie and Cole scene? Gracie OMG? I might change team,” another declared, alluding to supporters’ Team Cole and Team Alex split.

One fan hailed it as “Gracie world domination” as another of the singer’s tracks featured in the latest episode of Prime Video’s The Summer I Turned Pretty.

Another viewer chimed in: “Cole and Jackie…Let It Happen…OMFG…Baby that’s endgame right there.”

But does this hint at a future for Jackie and Cole, or could a reignited flame with Alex throw a monkey wrench into their plans?

Regardless of how this series concludes, there’s plenty more drama to unravel, with the show already securing a third season set to premiere in 2026.

My Life With the Walter Boys is currently streaming on Netflix.

My Life With The Walter Boys season two is on the horizon and Netflix has already renewed the hit teenage drama for a third outing.

WARNING: This article contains spoilers from My Life With The Walter Boys.

Netflix’s My Life With The Walter Boys season two is on its way and fans are chomping at the bit to get all the juicy details.

The life of Jackie Howard (portrayed by Nikki Rodriguez) took a dramatic turn in the first series when she was compelled to leave New York and move in with her mum’s best mate Katherine Walter (Sarah Rafferty) in Silver Falls, Colorado, following the tragic demise of her family.

She had no idea that she would be sharing a roof with nine lads, including two nephews, and Katherine and George’s (Marc Blucas) only daughter Parker Walter (Alix West Lefler).

What came as an even bigger surprise was the budding love triangle between herself, the gentle-hearted Alex (Ashby Gentry), and the seemingly rebellious Cole Walter (Noah LaLonde).

But what’s next after Jackie’s passionate kiss with Cole before her abrupt departure from Silver Falls?

My Life With The Walter Boys season two release date

The countdown is on for the return of My Life With The Walter Boys for its second season, with the Netflix sensation set to make a comeback on Thursday, 28 August, on Netflix.

Netflix has also already given the green light for a third instalment of the drama, with production for My Life With The Walter Boys season three already in progress.

My Life With The Walter Boys season two cast

All the main stars from the inaugural series will be back for the second run of My Life With The Walter Boys.

This includes Rodriguez reprising her role as Jackie, LaLonde as Cole, Gentry as Alex, and Rafferty as Katherine.

Other stars returning to their roles include Marc Blucas as George, Johnny Link as Will, Connor Stanhope as Danny, Corey Fogelmanis as Nathan and Ellie O’Brien as Grace.

Several fresh faces are joining the cast this series, featuring actress Natalie Sharp as champion rodeo rider Blake Hartford, Carson MacCormac as charming senior Zach, Joanne Wagner as Grace’s traditional mum, Riele Downs as “flirty” Maria and Jake Manley as competitive rodeo rider Wylder Holt.

What to expect from My Life With The Walter Boys season two

Jackie will be heading back to Silver Falls following her summer stint in New York, a spontaneous journey triggered by her kiss with Cole.

She’ll be attempting to rebuild her bond with Alex, establishing limits with Cole and seeking to rediscover her position within the Walter household.

Meanwhile, Alex will be concentrating on rodeo preparation whilst Cole continues to grapple with losing his football identity and quickly reverts to previous patterns.

There’s also drama brewing for George and Will as their scheme to transform their farm into a commercial venture doesn’t receive a warm reception from all community members.

My Life With The Walter Boys season two launches on Thursday, August 28, on Netflix.

Walter Scott, who with his twin brother Wallace founded the Los Angeles-based R&B group the Whispers — a hit-making force in the 1970s and ‘80s with songs like “And the Beat Goes On,” “Rock Steady,” “Lady” and “Seems Like I Gotta Do Wrong” — died Thursday, according to multiple media outlets, including Billboard and the Los Angeles Sentinel. He was 81.

The Sentinel reported that Scott’s family said he died in Northridge after a six-month bout with cancer.

With a smooth, danceable sound built on sturdy post-disco rhythms and carefully arranged group vocals, the Whispers put 15 songs inside the Top 10 of Billboard’s R&B chart; “And the Beat Goes On” reached No. 1 in 1980, followed by “Rock Steady,” which topped the tally in 1987. The band’s music was widely sampled in later years, including by 50 Cent, Mobb Deep, J. Cole and Will Smith, the last of whom used “And the Beat Goes On” as the basis for his late-‘90s hit “Miami.”

In a post on Instagram, the musician and filmmaker Questlove described Scott as “one of the most trusted voices in ‘70s soul music” and compared him to “the talented uncle in the family….who btw could DUST you inna min w his dizzying blink & you lost him squiggle gee doo dweedy scatlibs.”

Scott was born in 1944 in Fort Worth, Texas, and later moved to L.A. with his family; he and his brother started singing as students at Jordan High School, according to the Sentinel, and formed the Whispers in the mid-‘60s with Nicholas Caldwell, Marcus Hutson and Gordy Harmon. The group spent time in San Francisco before Scott was drafted to serve in the Vietnam War.

The group recorded for a series of record companies but found its biggest success on Dick Griffey’s Solar label. The Whispers were inducted into the Vocal Group Hall of Fame and the National Rhythm & Blues Hall of Fame.

Billboard said Scott is survived by his wife, Jan; two sons; three grandchildren and his brother.

Dodgers controlling owner Mark Walter, through his TWG Global company, agreed to purchase a majority ownership stake in the Lakers last week and released information about the sale on Wednesday in a statement announcing the deal would be completed later this year.

When news broke that Walter would take controlling interest of the Lakers from the Buss family at a valuation of $10 billion, we reached out to Magic Johnson about his thoughts on the matter. Speaking from a yacht off the coast of Croatia, here’s what the Lakers legend had to say about Walter, Jeanie Buss and the sale:

About Walter’s approach

“Mark is a man who cares and loves winning and will always care about investing the money in making not only the team better but the organization better. He’s somebody who is family-driven. He’s a great man.

“You saw what happened to the Dodgers once Mark and all of us took over.”

On the Buss family selling to Walter

“One thing that Jeanie [Buss] was going to do is put [the franchise] in the right hands. If she was going to sell, it had to be the right person, and Mark Walter is the right person to take over and lead us for the next 30, 40 years. So, this is the best news that could have happened for all Laker fans across the world. Mark has had his eye on the Lakers for a long time. That’s why he bought [Philip] Anschutz’s [minority ownership] piece first and then he was sitting there, and Jeanie knew this.

“If she ever wanted to sell, he wanted to be the one that bought the team. And they formed a friendship, because that had to happen first. Jeanie had to know that he was going to do just like her father [Dr. Jerry Buss] did and just like she did and that was to make sure that he would do great things in the community as well, like both her father and her have been able to do and also educate him on how much the Lakers mean to not only the Laker fans but to the NBA and to the world.”

On the sale of the team

“I think the [Buss] boys were ready before. I think they wanted to cash out. We’re seeing this happening all around sports. ‘Sometimes, let somebody else have it.’ We saw Mark Cuban do it. Boston did it. So, you are seeing it happen and maybe they [Buss family] said, ‘We just want the money and go on and live out our lives.’”

“Mark loves being a part of Los Angeles and now he’s got the premier baseball team and now the premier basketball team.”

On Walter’s success

“The one thing great about Mark is that he’ll hire the best people. He will always have really good people around him to help him bring back championships to Los Angeles and to Lakers fans. I’m excited. This couldn’t have gone any better for Laker fans and the Buss family and the NBA. The NBA knows Mark. It couldn’t have gone better for the Buss family because Mark is a caretaker. You got to be a caretaker, a great caretaker.

“What did Mark do for the Dodgers? He’s been a great caretaker of the brand and of the team. How much money he put into Dodger Stadium. He’s always willing to make the big and bold moves to win. But Mark is a visionary. So, he’s probably already got a vision for the Laker organization and for the team. So, that’s the great thing about him.

“The funny thing is, his personality is just like Jeanie. You won’t see him out front a lot, just like now he’s not out in front of the Dodgers. So, people need to understand that. That’s not his personality. Just like Jeanie’s personality. She hasn’t been out front.”

About Jeanie Buss and the sale

“You saw Mark let Jeanie stay on the Board of Governors. That was smart. One thing that is smart about Jeanie is she was never going to say, ‘Oh, the Lakers are up for sale! Anybody can own them.’ That’s not who she is. She wasn’t going to put it in anybody’s hands.

“And I think because of the success of the Dodgers and how he has run the organization, now it’s easy for the fans. We already know him. We’ve seen his work already. We’ve seen what he’s been able to do, led us to a couple of World Series [wins] and going to the World Series four times. That’s success right there. That’s what Laker fans are looking for.

“He’s got a track record. This is what Laker fans would want, somebody that they can trust, just like they trusted Dr. Buss. They trusted Jeanie because of her father saying, ‘This is who I want in charge.’ So, this is beautiful for all Laker fans.”

Upon hearing the news

“I’m going crazy too. I was screaming all over this yacht, because I know how great Mark is and how great of a man he is and how smart he is. He’s got a big heart.”

Dodgers controlling owner Mark Walter and Lakers president and controlling owner Jeanie Buss broke their silence Wednesday on a blockbuster deal that shocked many in and outside of the Los Angeles.

A news release issued by Walter’s team confirmed his acquisition of majority ownership stake of the Lakers, with the transaction expected to close in the third or fourth quarter of this year.

During the sale talks, the valuation of the Lakers was placed at $10 billion, a record for a professional sports team, people with knowledge of the deal not authorized to discuss it publicly told The Times. ESPN reported it is possible the value could swell to $12 billion before the transaction is complete.

Buss, whose family has had control of the Lakers for 46 years, will remain governor of the team and “continue to oversee all team operations on a day-to-day basis for the foreseeable future,” the statement confirmed.

Walter and Todd Boehly — a partner in the Dodgers ownership group — became the Lakers’ largest minority shareholders in 2021 when they bought 27% of the franchise, a stake previously held by Phil Anschutz.

Jerry Buss, Jeanie Buss’ father, bought the team for $67.5 million in 1979 in a deal that included the Los Angeles Kings and the Forum in Inglewood. Buss sold the Kings to Bruce McNall in 1988.

“The Buss family is deeply honored to have looked after this incredible organization for almost half a century,” Jeanie Buss said in the statement. “From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning — relentlessly — and to doing so with passion and with style.”

Buss said she felt confident Walter would lead the franchise to success. During his tenure, the Dodgers signed a collection of stars headlined by two-way wonder Shohei Ohtani. The team won the World Series last year, their second championship and fourth World Series appearance in the last eight years.

“I have gotten to know Mark very well over time and been delighted to learn how he shares those same values,” Buss said. “For the last four years, Mark has been an excellent partner to us, and we are thrilled to keep working with him to continue the Lakers’ extraordinary legacy.”

Walter, the chairman and CEO of TWG Global, has ownership stakes in the Dodgers, the WNBA’s Sparks, the Billie Jean King Cup, the Cadillac Formula 1 Team and the Professional Women’s Hockey League.

He said the Lakers “have long been one of the most iconic franchises in sports.”

“Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another, which is why you can find people anywhere in the world wearing Lakers shirts and jerseys,” Walter said.

Control of the Lakers went into a family trust after Buss died in 2013, with daughter Jeanie Buss operating as the team’s governor. The structure of the trust meant the majority of Buss’ six children — Johnny, Jim, Jeanie, Janie, Joey and Jesse — had to agree to the deal for a sale to occur.

The structure of the family trust, according to people familiar with it, doesn’t allow for ownership to pass down to heirs after death, meaning the split among the siblings would go from being shared six ways down to five and so on.

“I admire what [Jerry Buss,] Jeanie and the Buss family have built, and I know how much this special organization matters to Southern Californians and to sports fans everywhere,” Walter said. “I also have tremendous respect for Jeanie’s continued commitment to maintaining the Lakers’ long-term vision and elite status, and I’m excited to work with her on the next era.”

Los Angeles Times owner Dr. Patrick Soon-Shiong continues to hold a minority owner share of the Lakers.

The agreement for the sale of the Lakers came about three months after Bill Chisholm agreed to buy the Boston Celtics with an initial valuation of $6.1 billion — which was going to be a record, topping the previous mark of $6.05 billion sale for the NFL’s Washington Commanders.

The Lakers transaction was viewed as a massive surprise in NBA circles.

The Celtics’ sale is not yet finalized, pending final approval by the NBA’s board of governors.

The Lakers, led on the court by stars LeBron James and Luka Doncic, are preparing to start their 78th season later this year. The team has reached the postseason 65 times in franchise history, including 32 trips to the NBA finals and 17 championships.

The Associated Press’ Tim Reynolds contributed to this report.

When Walter’s Guggenheim Baseball group bought the Dodgers in 2012, the once-proud franchise was mired in embarrassment and mediocrity.

Under Frank McCourt’s ownership, the team was in bankruptcy. It had not fielded a top-10 MLB payroll three years running. And it had only won the National League West three times since the turn of the century, seemingly miles away from ending what was already by then a decades-long World Series drought.

But then came Guggenheim — making huge infusions of cash, followed by a sudden return to contention.

Since 2013, the Dodgers have exceeded MLB’s luxury tax threshold (the closest thing baseball has to a soft salary cap) eight times and topped the league in spending seven times.

They’ve splurged repeatedly on star talent, from lucrative extensions for Clayton Kershaw, Andre Ethier and Kenley Jansen; to blockbuster acquisitions of Adrián González, Hanley Ramírez and Zack Greinke; to the more recently transformative arrivals of Mookie Betts, Freddie Freeman and Shohei Ohtani.

And in that span, they’ve never once missed the playoffs, won their division 11 of the past 12 seasons, and reached the World Series on four occasions — finally breaking through with championships in 2020 and 2024.

“He wants to win,” Roberts said of Walter. “He feels that the fans, the city deserves that.”

Walter’s Guggenheim group has made major outlays beyond the roster as well. They invested in what has become one of the most renowned farm systems in the sport. They have built a robust analytics department in the front office. They’ve made multiple major renovations to Dodger Stadium, upgrading fan areas and the players’ clubhouse facility.

There have been moments when the team has shown financial constraint, most notably when it strategically stayed under the luxury tax in 2018 and 2019 — to the chagrin of some fans at the time.

But in the past two offseasons, the Dodgers have spared almost no expense, this year becoming the first team in MLB history to boast a $400 million luxury tax payroll.

“The commitment from our ownership group from the minute I got here has been incredible,” president of baseball operations Andrew Friedman said this offseason. “It has always been, ‘Hey let’s push. Let’s go. Lets’ get better.’”

The Buss family’s decision to sell its majority stake in the Lakers to Dodgers controlling owner Mark Walter sent shockwaves through L.A. on Wednesday.

Dodgers manager Dave Roberts was among those surprised by the development. Speaking to reporters before his team’s game against the San Diego Padres at Dodger Stadium, Roberts shared his thoughts on what Walter could bring to the Lakers.

Question: What’s your reaction to the deal?

“Obviously he’s had some kind of stake the last few years or whatever. He’s really committed to the city of Los Angeles in various ways. Sports is something that he’s very passionate about, and certainly Los Angeles sports. I think it’s a very exciting day for the Lakers, for the city of Los Angeles. And I think speaking from [the perspective of] a Dodger employee, he’s very competitive. He’s going to do everything he can to produce a championship-caliber team every single year and make sure the city feels proud of the Lakers and the legacy that they’ve already built with the Buss family.”

Dodgers manager Dave Roberts smiles before a game against the Texas Rangers in April.

(Julio Cortez / Associated Press)

When did you learn that about him?

“I would say probably seven, eight, nine years ago, just having a conversation with him as far as how much he enjoyed spending time in Los Angeles, and a lot of low-hanging fruit in the sense of what this city could be, already is, and can be. He wanted to infuse kind of his intelligence, his resources. He just wanted more skin in the game. That’s just speaking for him. But he’s obviously a very smart person.”

How have you seen him be competitive

“I think he does everything he can to provide resources, support. He wants to win. He feels that the fans, the city, deserves that. I think that’s never lost. It’s more challenging us always to, how do we become better and not complacent or stagnant to continue to stay current with the market and the competition to win not only now but for as far as we can see out.”

What makes a good owner?

“I think a good owner in my eyes is a person that lets the people that he hires do their jobs. He does a great job of letting Stan and Andrew and Gomer, all those guys, Lon, do their jobs right. But also kind of holding us all accountable, and also providing resources needed. In this case, players, to field a team that’s warranted of a championship-caliber team every year. Also, doing stuff for charity and appreciating not only the baseball side but just as important, the business side. He invests a lot of resources in that as well. I think that that’s kind of all-encompassing of what I’ve been fortunate to be around.”

Does this mean you’re sitting courtside?

“Yes. (Laughter). I’m sure a lot of people are hitting Mark up, but I might add myself to the list.”

The Los Angeles Lakers, a family-run business since Jerry Buss purchased the franchise in 1979, will be sold to Dodgers controlling owner Mark Walter and TWG Global, according to multiple people briefed on the deal.

The deal is expected to occur with the Lakers’ valuation being about $10 billion — a record for a professional sports franchise.

Walter will now lead the city’s two premier professional sports teams.

Control of the Lakers went into a family trust after Buss died in 2013, with daughter Jeanie Buss operating as the team’s governor. The structure of the trust meant the majority of Buss’ six children — Johnny, Jim, Jeanie, Janie, Joey and Jess — would need to agree for a sale to occur.

The Lakers didn’t respond to requests for comment.

The sale was viewed as a massive surprise in NBA circles.

Jeanie Buss reportedly will remain _{governor under the terms of the sale. All controlling governors representing teams in league meetings need to own at least 15% of the franchise to serve. The Buss family owned 66%.}

The sale will end family-run control of the Lakers, who have achieved incredible success — 11 NBA championships earned by some of the league’s most iconic figures, including Kareem Abdul-Jabbar, Magic Johnson, Shaquille O’Neal, Kobe Bryant and LeBron James — under Buss and his children’s leadership.

“I know that my sister Jeanie would have only considered selling the Lakers organization to someone she knows and trusts would carry on the Buss legacy, started by her father Dr. Buss. Now she can comfortably pass the baton to Mark Walter, with whom she has a real friendship and can trust,” Magic Johnson wrote in a post on X.

“She’s witnessed him build a winning team with the Dodgers and knows that Mark will do right by the Lakers team, organization, and fans! Both are extremely intelligent, visionaries, great leaders, and have positively impacted the greater Los Angeles community! I love both my sister @JeanieBuss and my business partner Mark Walter.”

In March, Bill Chisholm purchased the Boston Celtics from Wyc Grousbeck for $6.1 billion. Mark Cuban sold his control of the Dallas Mavericks late in 2023 for $3.5 billion.

And earlier that year, Marc Lasry sold the Milwaukee Bucks for $3.5 billion. Grousbeck and Cuban were two of Jeanie Buss’ closest confidantes among league ownership.

Walter and Todd Boehly became the Lakers’ largest minority shareholders in 2021 when they bought 27% of the franchise — a stake previously held by Phil Anschutz.

“The Los Angeles Lakers are one of the most successful and admired franchises in sports history,” Walter said in a news release at the time. “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.”

Walter was a relatively anonymous billionaire in 2012, when Johnson and Stan Kasten were the marquee partners in the purchase of of the Dodgers for $2 billion, then the largest price paid for a Major League Baseball team.

Critics scoffed at the purchase price, but Walter and Boehly then negotiated a record $8.35-billion local television deal with Time Warner Cable. Sportico this year valued the Dodgers at $7.73 billion and estimated that they generated $1 billion in revenue last year, highlighted by the global economic boost they gained from signing Shohei Ohtani to a record $700-million contract.

The Dodgers also won the World Series last year, their second championship and fourth World Series appearance in the last eight years. In the 13 seasons since Walter and his group bought the Dodgers, the team has posted a winning record every year. In that same 13-season span, the Lakers have one championship, one NBA Finals appearance and six winning records.

After buying the Dodgers, Walter and Boehly explored buying AEG, the entertainment giant that owns the Kings and Crypto.com Arena. Walter subsequently bought the Sparks, invested in the Lakers and launched a professional women’s hockey league in which the championship trophy is called the Walter Cup.

If the Dodgers’ purchase is any indication, Walter might not make an immediate flurry of changes with the Lakers. After he bought the Dodgers, he retained general manager Ned Colletti through the 2014 season before replacing him with Andrew Friedman.

The beloved O’Malley family sold the Dodgers before the turn of the century, saying the economics of professional sports had exploded beyond the means of families with no other significant source of income.

Under Walter, the Dodgers have not only raised their payroll to record levels but invested heavily in areas that they believe help deliver a winner, from a vaunted analytics department to dietitians for their major and minor league players and expanded clubhouses with the latest in hydrotherapy. The owners also have invested more than $500 million into renovating Dodger Stadium, adding modern amenities to a 63-year-old ballpark.

The Lakers, whose minority owners include Los Angeles Times owner Dr. Patrick Soon-Shiong, are entering a critical moment in the franchise’s history. James, the NBA’s all-time leading scorer, has a $53-million player option that he needs to either accept or decline by June 29. If he declines, he’d be an unrestricted free agent.

The team also is trying to sign Luka Doncic, who it acquired in a shocking trade last February, to a massive contract extension functionally making him the future face of the franchise. He’s eligible to sign an extension on Aug. 2.

Times staff writer Jack Harris contributed to this report.