Buss Family to Sell Majority Stake in Lakers for Record $10 Billion

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The Buss family has reportedly agreed to sell the majority ownership of the Los Angeles Lakers to Mark Walter, CEO of TWG Global. ESPN’s Shams Charania reports the deal values the team at $10 billion, the highest in pro sports history. Walter is already a minority stakeholder in the Lakers and part of the Dodgers ownership group. Jerry Buss bought the team in 1979 for $67.5 million.