LOS ANGELES -- Philip Anschutz has agreed to sell his 27% stake in the Los Angeles Lakers to two owners of the Dodgers, according to a published report.
Citing unidentified sources, the Los Angeles Times reported Saturday that the 81-year-old billionaire is selling his stake to Mark Walter and Todd Boehly, two of the Dodgers' owners.
The transaction was first reported by Sportico, a website that covers sports business. It said that Walter's and Boehly's stake in the Lakers would be worth $1.35 billion, making them the largest minority ownership of the team.