Buss Family to Sell Majority Lakers Stake to Mark Walter in $10 Billion Deal
The Buss family is selling the Los Angeles Lakers to Mark Walter in a record $10 billion deal, marking the end of an era for the franchise which has been under Buss family ownership since 1979. Walter, who already owns stakes in other sports teams, will take majority control, while Jeanie Buss is expected to remain as team governor. This sale is the largest in sports history and follows recent record-breaking deals in the NBA.