The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to Mark Walter for an unprecedented $10 billion, establishing a new record in professional sports. Despite the sale, Jeanie Buss will remain as the team governor, ensuring her family's long-standing legacy in the franchise. Walter's participation in this deal follows previous ownership of 27% in the team and highlights his expansive portfolio that includes the Los Angeles Dodgers and Chelsea FC, among others. This sale further eclipses the earlier record for the Boston Celtics, previously valued at $6.1 billion.
The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter for a record valuation of $10 billion.
Despite the sale, Jeanie Buss will remain as team governor, continuing her family's legacy of controlling the team since 1979.
Mark Walter's acquisition of the Lakers marks an unprecedented valuation in professional sports, surpassing the previous record set for the Boston Celtics.
The Lakers have been under the Buss family’s control for the longest duration of any current NBA franchise, a legacy that started in 1979.
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