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.

Jeanie Buss remains in charge of the Lakers and anticipates finalizing a $10 billion sale of the franchise to minority stakeholder Mark Walter later this year. Buss said Wednesday her role is unchanged until Walter completes the purchase of the franchise her father,

Former Lakers majority owner Jeanie Buss publicly speaks for the first time since the record-breaking purchase.