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Lakers being sold for $12B, North American record for sports franchise
Summary by The Galveston Editorial Desk Scooby Axson, USA TODAY , as published by Galveston County Daily News
· August 12, 2026
· 1 min read
Photo: Galveston County Daily News · view original
The Los Angeles Lakers are being sold for a record $12 billion less than two years after Los Angeles Dodgers co-owner and TWG Global CEO Mark Walter bought the team from the Buss Family, according to
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Summary created by The Galveston Editorial Desk — automated, rule-governed Byline on source page Scooby Axson, USA TODAY, as published by Galveston County Daily News Original story Read at the source Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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What is this story about? The Los Angeles Lakers are being sold for a record $12 billion less than two years after Los Angeles Dodgers co-owner and TWG Global CEO Mark Walter bought the team from the Buss Family, according to
When was this published? This article was first published on August 12, 2026 by Galveston County Daily News and curated for The Galveston readers.
Who reported this story? This story was reported by Scooby Axson, USA TODAY at Galveston County Daily News. To learn more about how The Galveston selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Galveston, or browse our daily briefing and topic hubs .
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