The majority stake of the Los Angeles Lakers basketball franchise is being sold in a historic deal worth an estimated $10 billion (£7.45b).
The Buss family has owned the team – one of the most iconic in sports globally – since 1979 and now has reportedly made a deal with TWG Global CEO Mark Walter.
Mr Walter also has a controlling stake in the Los Angeles Dodgers, the professional US baseball team that won the World Series last year.
US media reported Wednesday that the National Basketball Association team’s valuation is at least $10 billion. The BBC has contacted the Lakers and Mr Walter for a comment.
www.bbc.com
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