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Buss family agrees to sell Lakers to Mark Walter at $10B valuation
The Buss family is entering into an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter at a valuation of approximately $10 billion, sources told ESPN.
It will mark the largest sale of a professional sports franchise in the world.
Jeanie Buss will continue to serve in her role as Lakers governor, sources said.
Walter, the CEO and chairman of diversified holding company TWG Global, has interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women's Hockey League.
https://www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say