NBA Owners Approve $10 Billion Lakers Sale to Mark Walter

NBA owners signed off on Mark Walter’s $10 billion purchase of the Los Angeles Lakers from the Buss family, according to a statement from the league.

Walter, the chief executive officer of Guggenheim Partners LLC and owner of the Los Angeles Dodgers and other sports entities, agreed to buy the Lakers in June.

The $10 billion price tag is the largest ever in a control sale of a sports franchise. Earlier this month, the New York Giants sold a 10% stake to Julia Koch and the Koch family at a valuation of $10.3 billion, setting a new highwater mark. ...