Los Angeles Lakers sold to Mark Walter for $10 billion

Reporting for @SportsCenter on the Los Angeles Lakers' historic $10 billion sale and what it means, including the Buss family retaining just over 15% of minority ownership: pic.x.com/UHZLyiU7ZZ

The late Jerry Buss purchased the Los Angeles Lakers for $67.5 million in 1979. Forty-six years later, the Buss family is entering agreement to sell the franchise for a historic valuation of approximately $10 billion, sources told ESPN. Full story: www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say

The Lakers are an amazing organization. I’m looking forward to meeting Mark and excited about the future. I am also grateful to Jeanie and the Buss family for welcoming me to LA, and I’m happy that Jeanie will continue to be involved. I look forward to working with both of them

I just talked to my sister Jeanie Buss to tell her congratulations, and that I’m so happy for her and family. I told her that her dad Dr. Buss would be very proud of her for getting $10B for the Lakers, the largest sports franchise sale in history!