22 Articles
22 Articles
Buss family agrees to sell majority stake of Los Angeles Lakers in reported record $10B deal
(CNN) — The Buss family has agreed to sell majority ownership of the Los Angeles Lakers, one of the most storied franchises in all of sports, to Los Angeles Dodgers owner Mark Walter, a source familiar with the agreement told CNN. The valuation of the agreement is approximately $10 billion, representing the most lucrative deal for a professional sports team, according to the Associated Press. ESPN’s Shams Charania was first to report the agreed …
Buss family to sell controlling stake of Lakers for $10B valuation: AP source
The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing so with a franchise valuation of $10 billion -- the highest for a professional sports franchise, a person with knowledge of the agreement said Wednesday.
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