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FRISCO, Texas: The LPGA has a new commissioner on the way, a new course to play and no shortage of parity as it marks the halfway point of the season at the KPMG Women’s PGA Championship, which begins Thursday in Frisco, Texas.
LOS ANGELES, United States: The Los Angeles Lakers are being sold in a record-breaking $10 billion deal that makes the iconic franchise the highest-valued sports team in US history, ESPN reported Wednesday. The report said the Lakers owners, the Buss family, would sell their controlling interest in the team to billionaire Mark Walter, who already owns a minority stake in the franchise. While Jeanie Buss would continue as Lakers governor, the deal ends the Buss family’s 46-year reign over the NBA giants. Walter is the chief executive of holding company TWG Global which has built an impressive portfolio of professional sports teams, including the Los Angeles Dodgers and Los Angeles Sparks. He is also part of the ownership group of English Premier League side Chelsea. TWG also owns the Billie Jean King Cup tennis tournament and the Cadillac Formula One team. While further specifics of the deal were not disclosed, Lakers legend Earvin “Magic” Johnson — a business partner of Walter — was among the first to react to news of the agreement. “Laker fans should be ecstatic,” Johnson wrote on X. “A few things I can tell you about Mark — he is driven by winning, excellence, and doing everything the right way.
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.
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.
The Professional Women's Hockey League on Wednesday announced Vancouver as its first expansion franchise, with the club set to launch in time for the 2025-26 season as its seventh team.
Click on the video above at 2 p.m. ET/11 a.m. PT for live stream coverage as the Professional Women's Hockey League will make an expansion announcement, with reports tabbing Vancouver as the newest franchise.