While vacationing on a yacht somewhere on the high seas, Lakers legend Magic Johnson shared his thoughts on Mark Walter taking control of another L.A. franchise.

It’s the most ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.

Walter, the CEO of TWG Global and Guggenheim Baseball Management, would become the majority owner with Jeanie Buss reportedly remaining in her role as Lakers governor. The Lakers have been owned ...

Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He’s also co-founder and CEO of holding company TWG ...

The team, a family-run business since Jerry Buss purchased the franchise in 1979, will be sold to Dodgers controlling owner Mark Walter and TWG Global.

That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. In addition to Guggenheim, Walter co-founded TWG Global with entrepreneur and investor Thomas Tull.

Mark Walter just became one of the most powerful owners in all of sports. The CEO and founder of holding company TWG Global is set to acquire a majority ownership stake in the Los Angeles Lakers ...

The sale of the Los Angeles Lakers from the Buss family to TWG Global CEO and L.A. owner Mark Walter has been announced by both parites. In addition to having been a minority owner of the team, Walter ...

Mark Walter, the CEO and chairman of diversified holding company TWG Global, will be purchasing majority ownership of the NBA franchise in a deal that's expected to have a valuation of ...