Businessman Mark Walter is scheduled to present his bid to acquire the Los Angeles Lakers to the NBA's Advisory Finance Committee on Friday and could be approved as the franchise's new majority owner by the end of the month, sources with knowledge of the process told ESPN.

The committee will review Walter's bid at a $10 billion valuation to buy a controlling share of the franchise from the Buss family and then make a recommendation to the Board of Governors, which could vote on whether to approve Walter as soon as the end of next week, sources said.

Should Walter be approved, it would give him one the most valuable collection of professional sports franchises in the world. He is the controlling owner of the Los Angeles Dodgers , who begin the World Series on Friday night in Toronto.

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