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Dom Smith

Chelsea co-owner Mark Walter set to buy LA Lakers in record $10bn deal

Mark Walter Chelsea Lakers NBA Jeanie Buss BlueCo

Walter is a director of the BlueCo consortium which owns a 12.7 per cent stake in Chelsea - (Getty Images)

Chelsea shareholder Mark Walter is to buy the controlling stake of the Los Angeles Lakers in a $10billion (£7.45bn) deal that will make the basketball franchise the most expensive sports team in the world.

Walter is a director of the BlueCo consortium which owns a 12.7 per cent stake in Chelsea.

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