Mark Walter, CEO of Guggenheim Partners, purchased the Los Angeles Lakers for a record-breaking $10 billion, making it the most expensive sale of a US sports franchise. Walter, already owner of the Los Angeles Dodgers and with investments in other sports teams like Chelsea FC and the LA Sparks, adds the Lakers to his extensive portfolio. The sale concludes a deal with the Buss family, and Walter's successful track record with the Dodgers suggests a promising future for the Lakers under his leadership.

Prepared by Emily Rhodes and reviewed by editorial team.