India, June 19 -- In the most expensive transaction in American sports history, the Los Angeles Lakers have been purchased by Los Angeles Dodgers owner Mark Walter, for a deal worth approximately 10 billion US dollars. The Lakers were sold by the Buss family, who have held the controlling stake in the 17-time NBA champions for 46 years since 1979.

As per ESPN, the Buss family have agreed to sell their majority stake in the Lakers to Walter's holding company TWG Global. Walter already possessed a 20% stake in the Lakers, having bought a significant portion of former stakeholder Philip Anschutz's share in 2021.

The CEO of investment firm Guggenheim Partners now owns significant portions of control in most of Los Angeles' sports market, ha...