The Buss family has agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, CEO of TWG Global and owner of the Los Angeles Dodgers, for approximately $10 billion. Jeanie Buss will remain as the team’s governor, ensuring the family’s legacy continues with the franchise they have owned since 1979. Magic Johnson praised Walter as “the best choice” for the Lakers, emphasizing his commitment to winning and resources, while this deal becomes the most expensive franchise sale in sports history, surpassing the recent sale of the Boston Celtics.
