A New Era: Mark Walter Takes Over the Lakers
Mark Walter, CEO of TWG Global and Guggenheim Partners, has purchased a majority stake in the Los Angeles Lakers, valuing the NBA team at $10 billion. This acquisition adds to his sports empire and may signal a new championship era for the franchise. Walter's influence in Los Angeles is set to increase.
Mark Walter, the billionaire CEO of TWG Global, is set to buy a majority stake in the Los Angeles Lakers, according to a recent report by ESPN. The deal values the franchise at a staggering $10 billion, marking the largest sale of a professional sports team in history.
Walter adds this acquisition to his collection of sports assets, including MLB's Los Angeles Dodgers and WNBA's Los Angeles Sparks. His ownership has previously led the Dodgers to multiple championships. Lakers legend Magic Johnson praised the move, urging fans to be 'ecstatic' about Walter's leadership.
With his deep pockets and experience, Walter's foothold in the Los Angeles sports scene is expanding. As the city gears up for major events like the FIFA World Cup and the 2028 Olympics, Walter's influence is expected to impact the future of local sports.
(With inputs from agencies.)
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