los angeles lakers sold

NBA: Los Angeles Lakers confirms sale of majority stake in franchise to Mark Walter

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The Buss family have agreed to sell a majority stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, the two parties confirmed on Wednesday, while adding that Jeanie Buss will remain governor of the storied NBA franchise. Financial terms of the deal were not disclosed, but when the news was first reported … Read more

Los Angeles Lakers to be sold — How much is the value and who is the new owner?

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In a landmark shift in American sports, the Los Angeles Lakers has been sold to billionaire Mark Walter for a record-breaking $10 billion, ending the Buss family’s 46-year control of the NBA giant. Here’s everything you need to know about the blockbuster deal: Who sold the team? The Buss family, which has controlled the Lakers … Read more