Mark Walter Presents $10 Billion Lakers Bid to NBA Finance Committee

Overview

• Walter is scheduled to present the proposal Friday to the NBA's Advisory Finance Committee, according to ESPN sources.
• The panel will examine a $10 billion offer for a controlling stake and then issue a recommendation to the Board of Governors.
• A Board vote could occur by the end of next week, though approval remains contingent on the league's process.
• The Buss family would retain more than 15% of the team, keeping Jeanie Buss in her role as governor.
• If approved, the price would set a U.S. franchise sale record, while Walter brings ownership stakes spanning the Dodgers, the Sparks and other properties.