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 is a Los Angeles Lakers icon. The NBA legend was the engine that powered 'Showtime', and the league owes a lot of it's current success to him. And

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.