Los Angeles Lakers Sold for Record $10 Billion

The Los Angeles Lakers have been sold to billionaire Mark Walter for a record $10 billion, the highest price ever for a U.S. sports franchise. Despite the ownership change, Jeanie Buss will stay on as team governor for at least the next five seasons, maintaining leadership continuity after decades of Buss family involvement. The Buss family will also retain a 15% stake in the team. The transaction is expected to be finalized by the end of the year. Lakers legend Shaquille O’Neal humorously noted his lack of financial benefit from the sale, referencing his role in the team's legacy. Fans and observers are watching to see how the new ownership might influence the team's future and competitiveness.