Los Angeles Lakers sold for $10 billion to Mark Walter

Jeanie Buss will be in charge of the Los Angeles Lakers for "the foreseeable future" despite the family selling the franchise to businessman Mark Walter for $10 billion. The agreement, which led to one of the biggest purchases in sports history, was reported by ESPN's Shams Charania on June 18.

The Buss family has sold the majority ownership of the Los Angeles Lakers to Mark Walter for $10 billion. Walter now owns the Lakers and the Los Angeles Dodgers. Jeanie Buss will continue to serve in her role as Governor of the Lakers, who have the second-most (17) championships in NBA history.

The Los Angeles Lakers are rebounding into new leadership. In one of the biggest deals in sports, the owners of the Lakers—the Buss family—have agreed to sell majority ownership of the team to Mark Walter for the whopping price of $10 billion, according to NBC News.