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.

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.

Los Angeles Lakers legend Magic Johnson has expressed enthusiasm over the reported $10 billion sale of the franchise to Mark Walter, a deal that marks the largest sports franchise transaction in history.