By Rory Carroll LOS ANGELES (Reuters) -Billionaire Mark Walter's purchase of a majority stake in the Los Angeles Lakers, in a deal that values the team at $10 billion, adds another glittering asset to his sports portfolio and could usher in another championship era for the National Basketball League franchise.

The Lakers' incoming $10 billion ownership marks a record valuation with major implications for team operations and the broader sports industry. Meanwhile, the NBA Finals have seen low ratings so far,

After 46 years as the majority owners of the Los Angeles Lakers, the Buss family has sold the franchise for $10 billion to a group headed by Mark Walter. The sale officially makes the Lakers the most expensive sports franchise in the world.