Businessman Mark Walter’s acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.

It sounds like the Buss Family's sale of the Los Angeles Lakers won't take too long to be completed. According to the Associated Press, Los Angeles Dodgers owner Mark Walter's acquisition of the majority ownership stake from the Buss Family "is expected to close in the third or fourth quarter of this year."

The Los Angeles Lakers announced their majority ownership transition from the Buss family to Mark Walter in a record sale.