Los Angeles Lakers to sell majority ownership in historic deal
Summary
The Los Angeles Lakers, a famous basketball team, are being sold mostly to billionaire Mark Walter for about $10 billion. Walter already owns part of the team and also has major shares in the Los Angeles Dodgers baseball team. The deal will make it the most expensive sale of any sports team in the US.Key Facts
- The Los Angeles Lakers' majority ownership is being sold in a record-breaking deal.
- The sale is estimated at $10 billion, making it the highest-priced sports franchise sale in US history.
- Mark Walter, who has been a stakeholder since 2021, is buying the majority stake.
- Walter already controls the Los Angeles Dodgers baseball team.
- The Buss family has owned the Lakers since 1979, and Jeanie Buss will remain the team's governor.
- The Lakers have won 11 championships under the Buss family's ownership.
- A recent similar high-value sale was the Boston Celtics in March for $6.1 billion.
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