NBA Approves $10 Billion Lakers Sale to Mark Walter
NBA owners have signed off on Mark Walter's $10 billion purchase of the Los Angeles Lakers from the Buss family.
The price tag is the largest ever in a control sale of a sports franchise. Mark Walter, the CEO of Guggenheim Partners LLC and owner of the Los Angeles Dodgers, agreed to buy the Lakers in June.
- The sale was approved by NBA owners, according to a statement from the league.
- The $10 billion price tag sets a new record for a control sale of a sports franchise.
- A 10% stake in the New York Giants was recently sold to Julia Koch and the Koch family at a valuation of $10.3 billion.
No additional comments were made by the parties involved.
Author's summary: NBA owners approve $10 billion Lakers sale.