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Businessman Mark Walter's acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.
It's not every day that an NBA team is sold. And, prior to Wednesday afternoon, no NBA team had ever been sold for $10 billion — or anywhere close to it.
LOS ANGELES :Billionaire Mark Walter's purchase of a majority stake in the Los Angeles Lakers, in a deal that values the team at $10 billion, adds another glittering asset to his sports portfolio and could usher in another championship era for the National Basketball League franchise.
The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise.
In the first day’s play in the 2025 World Test Championship on June 11 at Lord’s, South Africa bowled Australia out for 212 in 56.4 overs. In the final session of the day, South Africa’s response stumbled badly, as the innings slumped to 43 for four against Australia’s relentless trio of quick bowlers. At that point, there was a feeling that this could be a mismatch.
WASHINGTON: Randal Kolo Muani and Francisco Conceicao each scored twice and Juventus closed out the first round of the group stage in the Club World Cup with a 5-0 victory over Al-Ain on Wednesday night.The 36-time Italian champions opened the scoring at the 11th minute on Kolo Muani’s header in front of 18,161 fans, many on them wearing white and black-striped Juventus jerseys.Ten minutes later, Conceicao dribbled the ball inside the penalty box and made it 2-0.Kenan Yildiz scored into the lower left corner in the 31st minute and Kolo Muani’s second goal four minutes into first-half stoppage time put Juventus up 4-0. Kolo Muani’s loan from Paris Saint-Germain was extended for the Club World Cup, with negotiations ongoing.Conceicao scored again from a center-field kick in the 58th minute.Key momentJuventus scored three goals on Al-Ain goalkeeper Rui Patricio in the span of 20 minutes in the first half.
WASHINGTON D.C.: Nineteen-time Saudi Arabian champions Al-Hilal held European giants Real Madrid to a 1-1 draw in their opening match of the FIFA Club World Cup in Miami on Wednesday night as Ruben Neves’ penalty cancelled out Fran Garcia’s opener.
LONDON: British second seed Jack Draper survived a scare to reach the Queen’s Club quarterfinals with a gritty 3-6, 6-2, 7-6 (7/5) win over Australia’s Alexei Popyrin on Wednesday.