In a historic deal worth $10 billion, the Buss family has sold a majority stake in the Los Angeles Lakers to Mark Walter, the owner of the Los Angeles Dodgers. This monumental transaction marks the largest sale of a professional sports franchise in history, solidifying the Lakers’ position as one of the most valuable teams in the NBA.

The deal, reported by renowned sports journalist Shams Charania, is a significant milestone in the world of sports business. Mark Walter, known for his successful ownership of the Dodgers, brings a wealth of experience and expertise to the Lakers’ leadership.

As the new majority owner, Walter is expected to bring innovative ideas and a fresh perspective to the team. With his proven track record of success in sports management, Lakers fans are eagerly anticipating the impact he will have on the franchise.

The Buss family’s decision to sell a majority stake in the team marks the end of an era, but it also paves the way for a new chapter in the Lakers’ storied history. With Walter at the helm, the team is poised for continued success and growth, both on and off the court.

The $10 billion deal sets a new benchmark for sports franchise valuations, underscoring the immense value and popularity of the NBA. As the Lakers embark on this new journey, fans around the world will be watching with bated breath to see what the future holds for this iconic franchise.