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The Independent UK

Tim Reynolds

Los Angeles Lakers set to be sold for $10 billion to group which also owns the Dodgers

Lakers Mark Walter Chelsea FC Jeanie Buss

The Los Angeles Lakers are poised for a change in ownership as the Buss family has reportedly agreed to sell a controlling stake in the iconic NBA franchise to TWG Global CEO Mark Walter, in a deal that values the team at an unprecedented $10 billion – the highest ever for a professional sports franchise.

A person with knowledge of the agreement, who spoke on condition of anonymity, confirmed the details on Wednesday.

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