The NBA world received massive news on Wednesday, when ESPN reported that the Buss family had agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, who is the CEO and chairman of TWG Global.

Few people in NBA history understand what it takes to make the Los Angeles Lakers successful better than Magic Johnson, and the legendary former point guard is "ecstatic" about the reported sale to Mark Walter.

"Best caretaker of the Laker brand" - Magic Johnson says the L.A. Lakers are in good hands with Mark Walter originally appeared on Basketball Network. Los Angeles Lakers legend Magic Johnson was one of the first to celebrate the news that the NBA franchise he led to five championships during the 1980s has been sold for a record $10 billion.