The world of the Los Angeles Lakers doesn’t rest, and just when fans were focused on the countless rumors about trades and new signings, a decision from Jeanie Buss, the team’s owner, shook the entire NBA.

Since 1979, the Buss family has owned the Lakers after Jerry Buss purchased the franchise from Jack Kent Cooke for $67.5 million. The deal also included the acquisition of the Los Angeles Kings hockey team and the Los Angeles Forum arena. NBA championships wouldn’t take long to follow.

The Buss era leading the Los Angeles Lakers has brought eleven NBA championships, the most recent in 2020 with LeBron James, making them the winningest team since 1980. In 2013, Jeanie Buss took over as president following the passing of her father.

Just when it seemed that very little could still surprise Lakers fans—especially after the blockbuster trade for Luka Dončić—the team’s owner shocked the entire NBA with a decision that led to the largest sale ever in the world for a sports franchise.

The decision made by the Lakers’ owner that no one saw coming in the NBA

LeBron James and Jeanie Buss. (Photo: Getty Images)

“The Buss family is signing a deal to sell the majority stake of the Los Angeles Lakers to Mark Walter, CEO and chairman of the diversified holding company TWG Global, according to sources reported by ESPN. Jeanie Buss will remain as president after the sale,” journalist Shams Charania posted on X before revealing the historic sale value of the California-based team.

The Los Angeles Lakers Were Sold for This Amount

As if the news that the Los Angeles Lakers had been sold wasn’t shocking enough, Charania doubled down and reported on X that “Mark Walter is signing an agreement to purchase the majority ownership of the Lakers from the Buss family at a valuation of approximately $10 billion—making it the largest sale of a professional sports franchise in the world.”