The league-wide reaction to the sale of the Los Angeles Lakers to Mark Walter is mostly positive due to his wealth and track record.

For just under $10 billion, private equity firm 3G Capital recently bought Skechers — an ascendant global footwear brand with $9 billion in annual sales and 20,000 employees spread across 5,300 stores.

The Buss family has agreed to sale the Los Angeles Lakers to Mark Walter, who is also the owner of the Los Angeles Dodgers. Walter was part of the group that purchased the Dodgers in 2012 and that franchise has seen great success since,