Can Mark Walter’s Dodgers Magic Unlock a Championship Future for the Lakers?
Mark Walter, the principal owner of the Los Angeles Dodgers and plenty of other sports teams, struck a deal to purchase a majority stake of the Lakers that values the team at $10 billion on Wednesday, the highest price tag for a team in the history of professional sports.
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To put it another way, he purchased the Lakers for six Tampa Bay Rays organizations.
A new boss in town is always going to inspire questions among the team’s employees and fans. It was the same case when Walter’s consortium bought the bankrupt Dodgers for a then-eye-watering price of $2.1 billion in 2012. It’s safe to say that worked out for all involved, so much so that Walter figures to take the reins of the Lakers with as much credibility as you can really get in a situation like this.
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