LA LAKERS owner Jeanie Buss agrees to sell NBA team – valued at $7.1 BILLION – in shock announcement
THE Los Angeles Lakers owner Jeanie Buss has agreed to selling the NBA giants, according to reports.
Jeanie Buss talks to LA Lakers superstar LeBron James courtsideXThe iconic team have been valued at more than $7.1 billion.
According to ESPN, the Buss family is selling the majority ownership on Tuesday.
It is being bought by LA Dodgers owner Mark Walter.
He is the CEO of diversified holding company TWG Global.
It is understood Jeanie will still continue in her role as Lakers governor.
Walters owns a number of sports team around the world.
That includes the MLB giants and World Series-winning Dodgers.
He also has stakes in the Los Angeles Spark andthe Billie Jean Cup.
His portfolio also includes the Cadillac Formula One team and the Professional Women’s Hockey League.
Walters also has shares in Premier League soccer giants Chelsea.
The Lakers have been owned by the Buss family since 1979.
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