The NBA has officially approved the historic sale of the Los Angeles Lakers, ending the Buss family’s 46-year run as majority owners. Commissioner Adam Silver has now clarified exactly what role Jeanie Buss will play moving forward as Dodgers owner Mark Walter takes control of the legendary franchise.

The league’s Board of Governors unanimously approved Walter’s purchase of the majority interest in the Lakers. This $10 billion transaction represents the largest sale ever for a sports franchise worldwide. The deal is expected to be finalized in the coming days.

Commissioner Silver specifically addressed Jeanie Buss’s continuing involvement with the organization. “I am thrilled that Jeanie will remain the team’s governor and an active and engaged member of our league,” Silver stated in the official announcement. Her role as governor is secured for at least five years following the sale’s closing.

The Buss family will maintain an ongoing financial interest in the Lakers despite selling their majority stake. Jerry Buss originally purchased the team in 1979 for $67.5 million, a figure that included both the Forum arena and the Los Angeles Kings hockey team.

(This is a developing story…)