The Los Angeles Lakers have been sold for a record-breaking $10 billion, marking the highest valuation ever for a professional sports franchise. TWG Global CEO Mark Walter, who already owns the Dodgers and Chelsea FC, purchased a controlling stake from the Buss family, who have owned the Lakers since 1979. Jeanie Buss will remain governor, retaining at least a 15% ownership stake. The sale surpasses the recent $6.1 billion valuation of the Boston Celtics, establishing a new benchmark in sports franchise pricing. The deal signifies a new era for the Lakers, with Walter's proven success in sports ownership promising a continued commitment to winning.

Prepared by Emily Rhodes and reviewed by editorial team.