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Tyler Lauletta.

NBA Fans Couldn't Believe Hefty Price Tag Lakers Fetched in Franchise Sale

Lakers NBA Jeanie Buss JosinaAnderson Mark Walter

LeBron James reacts after a play. | Keith Birmingham/MediaNews Group/Pasadena Star-News via Getty Images

The keys to the Los Angeles Lakers are set to change hands.

On Wednesday, ESPN’s Shams Charania reported that Jeanie Buss, whose family had owned the Lakers since 1979, would be selling her family’s majority stake in the team to minority owner Mark Walter. Walter is the CEO of TWG Global, which has stakes in several other sports properties, including the Los Angeles Dodgers, Los Angeles Sparks, and the Cadillac Formula 1 team set to debut next season.

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