The Buss family is selling a majority stake in the Los Angeles Lakers to Los Angeles Dodgers owner Mark Walter for approximately $10 billion, setting a record for the highest price paid for a professional sports team. Walter, CEO of TWG Global, already owns a minority stake and will reportedly maintain Jeanie Buss's role within the franchise. The sale includes the recent blockbuster trade that brought Luka Doncic to the Lakers. This record-breaking deal marks a significant moment in sports ownership.

Prepared by Emily Rhodes and reviewed by editorial team.