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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.
The PWHL's first expansion team will be based in Vancouver with an announcement scheduled for next week, a person with knowledge of the decision confirmed to The Associated Press on Friday.