LOS ANGELES (CNS) -- Businessman Mark Walter -- who already owns part of the Dodgers, Sparks and Chelsea Football Club -- has finalized a $10 billion purchase of the Lakers , the team announced Thursday following unanimous approval of the deal by the NBA Board of Governors.

"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. "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."

Buss, the team's previous controlling owner, will remain governor of the Lakers "and continue to oversee day-

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