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The Buss family is entering into an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter for a franchise valuation of approximately $10 billion, sources told ESPN on Wednesday, the most ever for a U.S. professional sports franchise.
Los Angeles :The Buss family is entering an agreement to sell a majority stake in the Los Angeles Lakers, ESPN reported on Wednesday, marking the end of an era for one of the NBA's most influential owners.
The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing so with a franchise valuation of $10 billion US — the most ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.
General manager Rob Pelinka has received a contract extension from the Los Angeles Lakers less than three months after he acquired Luka Doncic.
The Los Angeles Lakers have signed Rob Pelinka to a multiyear contract extension and added to his title by naming him president of basketball operations and general manager, it was announced Friday.
LOS ANGELES — In the days and weeks leading up to her team completing its deal to land superstar Luka Doncic, Los Angeles Lakers governor Jeanie Buss knew the importance of keeping trade talks with the Dallas Mavericks limited to as tight of a circle as possible.
LeBron James intends to stay with the Los Angeles Lakers beyond Thursday's NBA trade deadline, a source familiar with his plans confirmed to ESPN, setting up the four-time MVP with Luka Doncic to form the latest superstar tandem of his career.
EL SEGUNDO, Calif. — The Los Angeles Lakers will honor former coach Pat Riley with a statue outside their downtown arena.