# Basketball: The Buss family, which has owned Los Angeles Lakers since 1979, has agreed to sell its majority ownership of the franchises for a record 180-billion-rand. This is the largest sale of a professional sports franchise in the world. The family has made a deal with TWG Global’s founder and CEO, Mark Walter, who owns Los Angeles Dodgers. According to reports, the Buss family will keep a minority share of just over 15-percent, while Jeanie Buss will stay on as Lakers’ governor.
Basketball: Buss family agrees to sell majority stake of LA Lakers for a record R180-billion