Los Angeles Lakers Sold For $10 Billion, Jeanie Buss Retains Minority Stake

About Los Angeles Lakers Sold For $10 Billion, Jeanie Buss Retains Minority Stake

The Los Angeles Lakers have been sold for 10 billion dollars, with Jeanie Buss retaining a minority stake and her governor position. The sale involves billionaire Mark Walter, CEO of Guggenheim Partners, who is acquiring additional ownership. The franchise is valued at 7 billion dollars, ranking third in the NBA. Walter's extensive sports investments include the Dodgers, Sparks, and upcoming Formula 1 team. Magic Johnson praised the deal, highlighting its significance for the Lakers' future stability and growth.