Valuation is the highest ever for a professional sports franchise, easily eclipsing the US$6.1 billion for Boston Celtics.

The Buss family is entering an agreement to sell a majority stake in the Los Angeles Lakers, ESPN reported on Wednesday, marking the end of an era for one of the NBA's most…

The Buss family will sell the iconic franchise to Mark Walter, who owns several sports teams including the WNBA’s Sparks