Mark Walter’s Lakers sale memorialized by mass layoffs, price hikes, losing LeBron

Source: New York Post

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.