The Los Angeles Lakers will be under new ownership shortly as the NBA is slated to vote on Mark Walter’s bid to purchase a majority stake in the franchise.
Walter’s bid is set at a valuation of $10 billion, making it the largest purchase in sports history. Walter is famously known as the owner of the Los Angeles Dodgers, but now he’ll get an opportunity to preside over Los Angeles’ other premier franchise.
However, it seems that Walter isn’t the only person who will be financing the sale as his business partner and Dodgers co-owner Todd Boehly is getting in on it as well, via Ben Horney of Front Office Sports:
Mark Walter is buying the Lakers with a little help from his friend, Front Office Sports has learned.