“We have immense respect for the leadership and vision of (former Lakers owner) Jerry (Buss) and (team governor) Jeanie Buss. I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead.” The Buss family still owns at least 15% of the team, allowing Jeanie to remain in her governor position for the time being. The Lakers sale will also require the formal approval of the league’s Board of Governors.