Jeanie Buss will “remain governor of the franchise and continue to oversee all team operations on a day-to-day basis for the foreseeable future,” according to a press release Wednesday officially announcing the sale of the Los Angeles Lakers to billionaire Mark Walter.

Last week, it was reported that Jeanie Buss and her family had agreed to sell their majority stake of the Los Angeles Lakers to TWG Global CEO and owner of the L.A.