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 - the most ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.
As part of the deal, Jeanie Buss - whose family has had control of the Lakers since her father bought the team in 1979 - intends to remain as governor, said the person, who spoke to The Associated Press on condition of anonymity because neither side immediately announced details.
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