More than a quarter of the Los Angeles Lakers is about to have a new owner.
Billionaire Philip Anschutz has reached an agreement to sell his 27 percent minority stake in the Lakers to an unknown buyer, according to Sportico's Scott Soshnick and Eben Novy-Williams. The sale has reportedly not been approved by the NBA Board of Governors.
The exact price tag of the deal is also unknown, but it is definitely going to be significant. The Lakers were estimated to be worth $4.6 billion by Forbes this year, which will happen when you're the NBA's most star-studded franchise in one of its biggest markets.