The Buss family has agreed to sell majority ownership of the Los Angeles Lakers, one of the most storied franchises in all of sports, to Los Angeles Dodgers owner Mark Walter
The valuation of the agreement is approximately $10 billion, representing the most lucrative deal for a professional sports team, according to the Associated Press.
Basketball Hall of Famer Jerry Buss bought the Lakers in 1979 and oversaw the franchise winning 10 NBA titles. After his death in 2013, his daughter Jeanie Buss took over the role as governor of one of the most successful franchises in sports.
Buss reportedly will continue in her role with the franchise after the sale.
