The Buss family will sell the Los Angeles Lakers for a $10 billion valuation, marking a generational shift in ownership for the franchise. Mark Walter, who already holds a minority stake, will take over majority ownership while Jeanie Buss, the daughter of the late Jerry Buss who purchased the team in 1979, will remain involved as the governor. This transition highlights the team's legacy, including five championships during the 1980s and modern challenges, including the high-profile acquisition of stars like LeBron James and the recent trade for Luka Doncic.
The Buss family is set to sell the majority stake in the Los Angeles Lakers for $10 billion, ending a significant era for the franchise.
Mark Walter, current minority owner, is poised to take majority ownership, while Jeanie Buss will remain as governor post-sale, maintaining a connection to the franchise.
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