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.

On Wednesday, the Buss family reportedly agreed to sell its majority ownership stake in the Lakers to Mark Walter, the CEO of TWG Global and Guggenheim Partners. Through Guggenheim Partners, he has owned a sizable stake in the Los Angeles Dodgers.