The Buss family has agreed to sell it’s controlling stake of the Los Angeles Lakers franchise to TWG Global CEO Mark Walter for a record $10 billion, according to multiple reports.
The news comes three months after the Grousbeck family reached an agreement to sell the Celtics to William Chisholm for a then-record $6.1 billion.
Lakers legend Magic Johnson cracked a joke at the Celtics’ expense while tweeting out a link to a story about the sale.
“Just like I thought, when the Celtics sold for $6B, I knew the Lakers were worth $10B!