Lakers Blow Past Celtics With Historic $10B Sale

The Buss family has reportedly agreed to sell the Los Angeles Lakers franchise to Mark Walter for a record-breaking $10 billion.

The deal is the highest sale for a professional sports franchise in the world, according to ESPN. 

Just three months ago, the Boston Celtics franchise held that record, as an investing group led by  Bill Chisholm purchased the franchise for $6.1 billion on March 20.

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The transaction barely surpassed the $6.05 billion the Washington Commanders were purchased for in 2023. The Lakers deal passed both of those transactions by nearly $4 billion.

The Buss family has owned the Lakers franchise since 1979. Jerry Buss bought the team, along with the Los Angeles Kings and the Long Angeles Forum, for just $67.5 million.

Buss died in 2013, passing the franchise down to his children. His daughter, Jeanie Buss, became the Lakers’ governor and will still continue her role after the recent transaction.

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For more news and notes on the Los Angeles Lakers, head on over to Los Angeles Lakers on SI.