The NBA's Los Angeles Lakers have changed hands, setting a record for the highest price in the history of professional sports in the United States

The NBA giants Los Angeles Lakers have changed hands, and ESPN reported on the 19th that the Buss family, which owns the Lakers, has decided to sell most of its shares to Dodgers owner, TWG Global Chairman and CEO Mark Walter, for $10 billion, setting a record for the highest price in the history of American professional sports.

The Buss family, which owns the Lakers, has decided to sell a majority stake to Dodgers owner and TWG Global chairman and CEO Walter for $10 billion.

According to ESPN, after selling a majority stake in the Lakers to Walter, the Buss family will retain a minority stake in the Lakers for a period of time, which is expected to exceed 15%. Sources familiar with the matter revealed. Current Lakers President Jenny Brown. Jeanie Buss will remain and will continue to be in charge of the team's operations for years to come. In the agreement between the Bass family and Walt, it is stated that Jenny. Buss will remain in control of the Lakers going forward, and Walter fully supports this arrangement.

Lakers President Jenny Brown. Bass is expected to be re-elected

Walt, Chairman and CEO of TWG Global, is highly involved in a number of professional sports ventures, including Major League Baseball (MLB) Los Angeles Dodgers, WNBA Los Angeles Sparks, Billie Jean King Cup, and Formula 1 Cadillac Racing.

Former Lakers owner Jerry. After Jerry Buss bought the Lakers for $67.5 million in 1979, the Lakers have been owned by the Buss family. After Buss's death, the Lakers were taken over by their children. Buss also serves as the Lakers' president to this day.