Lakers being sold for $12B, North American record for sports franchise

AI Summary

The Lakers basketball team has been sold for a record $12 billion in North America, marking a significant transaction less than two years after its previous ownership change. The sale highlights a major sports franchise deal involving prominent figures in American sports ownership.

The Lakers are being sold for a record $12 billion less than two years after Dodgers co-owner Mark Walter bought the team from the Buss Family.