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.

Earvin "Magic" Johnson expressed his excitement over the Los Angeles Lakers being sold for $10 billion in one of the largest sports purchases in history.