Buss family to sell Lakers to Mark Walter for $10B valuation
The Buss family is entering into an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter for a franchise valuation of approximately $10 billion, sources told ESPN on Wednesday, the highest ever for a U.S. professional sports franchise. The Buss family will keep a minority share of the team, just over 15%, for a period of time, a source said. In addition, Jeanie Buss will remain the Lakers' governor and continue to run the team for "at least a number of years," sources with knowledge of the deal told ESPN's Ramona Shelburne. It was guaranteed as part of the...
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