The Buss family has agreed to sell it’s controlling stake of the Los Angeles Lakers franchise to TWG Global CEO Mark Walter for a record $10 billion, according to multiple reports. The news comes three months after the Grousbeck family reached an agreement to sell the Celtics to William Chisholm for a then-record $6.1 billion.

NBA Hall of Famer and Los Angeles Lakers legend Magic Johnson took to X to react to the Lakers' record-setting $10 billion sale. More Lakers news: Lakers Sell Valuation Breaks Record in Sports at $10 Billion Here's what the five-time champion had to say on the sale.

Minority owner Mark Walter has purchased a majority stake in the L.A. Lakers at a valuation of $10 billion. That's a record for any American sports franchise. The late Dr. Jerry B

NBA insiders are eyeing improvements from the Los Angeles Lakers' management and their spending habits following the team's reported sale by the Buss family.

The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties

John Gonzalez and Brad Botkin join Jaclyn DeAugustino to discuss the Buss family being expected to sell majority share of the Lakers.