Magic Johnson and WNBA President Laurel J. Richie announced the sale of The Los Angeles Sparks for an undisclosed price.
Wednesday, under the same roof they share with the Lakers at the Staples Center, the Los Angeles Sparks officially announced their new owners.
The Guggenheim Group, featuring NBA legend Magic Johnson, will take over the franchise and keep the team here in LA.
The new owners, led by Mark Walter, are the same group that bought the Los Angeles Dodgers in 2012.
Mechelle Voepel wrote about this for ESPN.com and joins us now.