Mark Walters, CEO of TWG Global, has purchased the majority ownership of the Los Angeles Lakers from the Buss family, valued at $10 billion, with Jeanie Buss remaining as governor of the organization.

For the first time in more than 45 years, a member of the Buss family will not be the majority owner of the Los Angeles Lakers.

Jim Cleamons, a 6-foot-3 guard out of Ohio State University, was taken by the Lakers with the No. 13 pick in the 1971 NBA Draft. He got little playing time as a rookie, but he got to win a world ...