Buss family agrees to sell controlling stake of Lakers to Mark Walter for $10B, AP source says

The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, valuing the franchise at $10 billion, the highest for any sports team. Jeanie Buss will remain as governor, while Walter, who previously acquired 27% of the Lakers in 2021, also owns other franchises including the Los Angeles Dodgers and Chelsea FC.

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