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.

Magic Johnson may be a part-owner of the Washington Commanders, but is still thrilled with his old team in the NBA.

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.