Buss family agrees to sell majority stake of Los Angeles Lakers in reported record $10B deal
TL;DR
The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to Mark Walter in a record-breaking $10 billion deal, making it the most lucrative sports team sale ever. Walter, who already owns a minority stake, is expanding his involvement in the franchise, which has a rich history of NBA success, including recent championships and notable player trades. Buss will remain involved with the team post-sale.
- Buss family agrees to sell majority stake of Los Angeles Lakers in reported record $10B deal CNN
- Sources: Buss family to sell Lakers, valued at $10B ESPN
- Los Angeles Lakers: Chelsea co-owner Mark Walter set to be sold controlling stake in $10bn valuation Sky Sports
- Lakers legend Magic Johnson on sale of the team: 'When the Celtics sold for $6B, I knew the Lakers were worth $10B!' Yahoo Sports
- Los Angeles Lakers sold to Dodgers owner in record-breaking deal KTLA
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