Basketball Team LA Lakers To Be Sold For...

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The Los Angeles Lakers are being sold in a record-breaking $10 billion deal.

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This deal will make the iconic basketball franchise the highest-valued sports team in US history.

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According to a report by ESPN, the Lakers owners, the Buss family, would sell their controlling interest in the team to billionaire Mark Walter.

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While Jeanie Buss would continue as Lakers governor, the deal ends the Buss family's 46-year reign over the NBA giants.

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Walter is the CEO of holding company TWG Global which has built professional sports teams, including the Los Angeles Dodgers and Los Angeles Sparks.

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He is also part of the ownership group of English Premier League side Chelsea.

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