LA Lakers to be sold to Chelsea co-owner for $10 billion

• Mark Walter, who also co-owns Chelsea and leads TWG Global, is poised to become the majority owner of the LA Lakers.
• The Buss family intends to sell their controlling interest, concluding their 47-year majority ownership of the NBA team.
• Walter has been a minority stakeholder in the Lakers since 2021, previously acquiring 27 percent of the team.
• Lakers legend Magic Johnson endorsed the move, highlighting Walter's commitment to winning and resource provision.
• The Buss family's tenure saw the Lakers win 11 NBA championships and develop into a globally revered brand.

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Chelsea co-owner set to buy LA Lakers in historic $10bn takeover