Sources: Walter presenting Lakers bid to NBA

Explore the latest developments concerning Sources: Walter presenting.

Ramona Shelburne breaks down Mark Walter's bid to acquire the Lakers from the Buss family and when that can be finalized. (1:23)

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.

Mark Walter’s Lakers Buy Includes Dodgers Co-Owner Todd Boehly

In addition to the Lakers, Dodgers, and Chelsea, Walter and Boehly’s sports portfolio includes the WNBA’s Sparks.

Mark Walter is buying the Lakers with a little help from his friend, Front Office Sports has learned.

Walter’s record-breaking deal for the iconic franchise also features his longtime business partner, Todd Boehly, with whom he co-owns the Dodgers, according to two sources familiar with the matter. Boehly’s involvement in the deal, which is expected to close as soon as the end of this week, has not previously been reported. ESPN first reported the deal could close before the start of November.

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