The Buss family sold their majority stake in the Los Angeles Lakers to billionaire Mark Walter for a record-breaking $10 billion due to a mix of financial opportunity and internal dynamics. The staggering valuation—by far the highest in U.

The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO and Los Angeles Dodgers owner Mark Walter, doing so with a franchise valuation of $10 billion — the most ever for a professional sports franchise,

The Buss family has agreed to sell the majority ownership of the Lakers to Dodgers controlling owner Mark Walter and TWG Global at a valuation of approximately $10 billion.