Los Angeles Lakers to be sold in historic deal: reports:
The deal would mark the most expensive sale of a US sports team in history.
bbc.com/news/articles/c4gd4d87el3o
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Record-Breaking Sale of Los Angeles Lakers FinalizedMark Walter acquires majority stake in Lakers for $10B, surpassing previous US sports franchise sale records.
- The Buss family is selling its controlling interest in the globally renowned Los Angeles Lakers basketball team.
- Mark Walter, a 20% owner since 2021, is purchasing the majority stake in a deal valued around $10 billion.
- Under Buss family ownership, the Lakers secured 11 NBA championships and reached the finals 17 times.
- Jeanie Buss will remain team governor, with Walter expected to uphold the Lakers' legacy and successes.
I just talked to my sister Jeanie Buss to tell her congratulations, and that I'm so happy for her and family.— Magic Johnson on the sale of the Lakers and his conversations with Jeanie Buss.
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