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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.
Serie A CEO Luigi De Siervo has pointed to illegal streaming and the resulting lack of TV revenue as a factor behind Italy's struggles to nurture homegrown talent as the Azzurri strive to return to the World Cup for the first time since 2014.
MIAMI :Simone Inzaghi said he gave his all to Inter Milan before taking over at Al-Hilal earlier this month after the Saudi club's CEO told the BBC the move had been agreed before Inter's 5-0 loss to Paris St Germain in the Champions League final.
LIV Golf is a league in their own, exploding in popularity around the world. Trying to prove, that golf is for everyone.
The PGA Tour announced Brian Rolapp as its new CEO on Tuesday with the former NFL executive set to take on the role later this year as Commissioner Jay Monahan transitions his day-to-day responsibilities.
Nine of the world's top-10 men and nine of the top-10 women have officially entered into the U.S. Open's revamped mixed doubles event, tournament organisers said on Tuesday, with former singles champions Carlos Alcaraz and Emma Raducanu teaming up.