Minority owner Mark Walter has purchased a majority stake in the L.A. Lakers at a valuation of $10 billion. That’s a record for any American sports franchise. The late Dr. Jerry Buss bought the team in 1979 for $67.5 million.

The sale of the Lakers is a record deal for North American sports franchises, and it tops the $6.1 billion paid for a group led by Bill Chisholm for the Boston Celtics. That just barely broke the previous record set by Josh Harris' group when they purchased the NFL's Washington Commanders for $6.05 billion.