The Los Angeles Lakers are being sold to Mark Walter for $10 billion. But is Lakers legend Magic Johnson a part of it too?

The Buss family has agreed to sell it’s controlling stake of the Los Angeles Lakers franchise to TWG Global CEO Mark Walter for a record $10 billion, according to multiple reports. The news comes three months after the Grousbeck family reached an agreement to sell the Celtics to William Chisholm for a then-record $6.1 billion.

"Best caretaker of the Laker brand" - Magic Johnson says the L.A. Lakers are in good hands with Mark Walter originally appeared on Basketball Network. Los Angeles Lakers legend Magic Johnson was one of the first to celebrate the news that the NBA franchise he led to five championships during the 1980s has been sold for a record $10 billion.