The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO and Los Angeles Dodgers owner Mark Walter, doing so with a franchise valuation of $10 billion — the most ever for a professional sports franchise,

The Buss family has agreed to sell the majority ownership of the Lakers to Dodgers controlling owner Mark Walter and TWG Global at a valuation of approximately $10 billion.

The Los Angeles Lakers will have new majority ownership, selling to Mark Walter, the CEO of TWG Global and controlling owner of the Dodgers.