Sports
Billionaire Walter to Buy LA Lakers at $10 Billion Valuation
LeBron James shoots the ball against the Minnesota Timberwolves on April 25.
Photographer: David Berding/Getty ImagesThe Los Angeles Lakers, the storied National Basketball Association franchise that’s won 17 championships, second only to the Boston Celtics, will be sold at a record $10 billion valuation, according to people familiar with the discussions.
The Buss family has agreed to sell its majority stake to Los Angeles Dodgers owner and Guggenheim Partners LLC Chief Executive Officer Mark Walter, the people said.