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Ryan Phillips

Lakers Sale Price Breaks Record for Sports Franchise

Lakers Mark Walter Jeanie Buss Jerry Buss NBA Shams Charania ESPN

LeBron James brings the ball up court against the Minnesota Timberwolves during the NBA playoffs. | Gary A. Vasquez-Imagn Images

The Los Angeles Lakers are being sold, and the price will be record-breaking.

Jeanie Buss and her family are selling the team to Mark Walter, the CEO and chairman of TWG Global. According to ESPN NBA insider Shams Charania, Walter will be buying a majority stake in the franchise with the total valuation of the team coming in at $10 billion. That is the largest sale of a professional sports franchise in history.

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