Los Angeles Lakers Sold for $10 Billion in Richest Deal in Sports History
The NBA's most glamorous franchise is changing hands—and becoming the world's most valuable sports team in the process.
Jeanie Buss and her family, who have owned the Los Angeles Lakers since Jerry Buss bought the team in 1979, on Wednesday agreed to sell majority control of the storied team to Mark Walter, the sports investor and CEO of Guggenheim Partners, at a valuation of $10 billion, according to a person familiar with the deal.
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