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 $10 billion price tag is the largest ever in a control sale of a sports franchise.
Walter, the chief executive officer of Guggenheim Partners LLC and owner of the Los Angeles Dodgers and other sports entities, agreed to buy the Lakers in June.
- The sale was approved by NBA owners, according to a statement from the league.
- Earlier this month, the New York Giants sold a 10 per cent stake to Julia Koch and the Koch family at a valuation of $10.3 billion.
Author's summary: Mark Walter buys Lakers for $10 billion.
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