The Los Angeles Lakers are being sold for a record-breaking $10 billion, with businessman Mark Walter acquiring a majority stake. Current owner Jeanie Buss will retain a minority stake and her governor seat. The deal surpasses the previous NBA record set by the Boston Celtics' sale earlier this year. Walter, CEO of Guggenheim Partners, already owns the Los Angeles Dodgers and other sports teams. The sale includes the team only; the Crypto.com Arena is not part of the transaction. Magic Johnson publicly endorsed the deal, praising Walter's suitability.

Prepared by Christopher Adams and reviewed by editorial team.