NBA record deal: Los Angeles Lakers sold for $10 billion

Sebastian Ujică

The owners of the teams in the North American professional basketball league (NBA) have approved the historic sale of the Los Angeles Lakers to businessman Mark Walter, the NBA announced. "The transaction is expected to be completed,” the league said in an official announcement. The Buss family, which has owned the club since 1979, is relinquishing control of the team for an estimated $10 billion, according to information previously provided by ESPN - an absolute record for an NBA team. Current