According to ESPN's Shams Charania, the Los Angeles Lakers are being sold to Mark Walter, who is currently a minority owner of the team.

The family-owned Los Angeles Lakers are about to be sold at a valuation of $10 billion, smashing the previous record for the purchase price for a team sport.

The Los Angeles Lakers' proposed $10billion (£7.45bn) sale to the TWG Global CEO Mark Walter would make them the most expensive sports team in the world. Should the sale of the Lakers - who have been owned by the Buss family since 1979,