Mark Walter's purchase of the Los Angeles Lakers is reportedly viewed as a beneficial move as it relates to Luka Dončić's long-term future with the organization.

While vacationing on a yacht somewhere on the high seas, Lakers legend Magic Johnson shared his thoughts on Mark Walter taking control of another L.A. franchise.

Businessman Mark Walter’s acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.