After shelling out a record-breaking sum of approximately $10 billion, Mark Walter is soon to be the new owner of the Lakers.

Billionaire CEO Mark Walter has struck a deal to buy the LA Lakers for a reported $10 billion, the largest sale of a pro sports franchise worldwide.

Mark Walter, CEO and billionaire, is set to add another Los Angeles sports franchise to his portfolio after entering an agreement with the Buss family to purchase majority ownership of the Lakers.

Meet Mark Walter, a billionaire businessman who also owns Dodgers Gilbert McGregor After taking over in 1979, the Buss family will no longer hold majority ownership of the Lakers franchise.

The Buss family has agreed to sell the majority ownership of the Lakers to Dodgers controlling owner Mark Walter and TWG Global at a valuation of approximately $10 billion.

The Lakers, like the Dodgers, measure success in championships, which is as it should be in this country’s second-largest market. Right now, midway through the 2020s, the Dodgers have two titles ...

That board is scheduled to meet in Las Vegas next month. And now, the Lakers are sold with a valuation of $10 billion — not just a record, but a total smashing of the previous mark.

Los Angeles Dodgers manager Dave Roberts has a playful message for Lakers fans about Shohei Ohtani, now that the baseball and NBA teams will have the same controlling owner.

The Lakers, like the Dodgers, measure success in championships, which is as it should be in this country’s second-largest market. Right now, midway through the 2020s, the Dodgers have two titles ...

Los Angeles Dodgers manager Dave Roberts has a playful message for Lakers fans about Shohei Ohtani, now that the MLB and NBA teams will have the same majority owner.