THE LOS ANGELES LAKERS One of the iconic families in all of entertainment is moving on from owning one of sports' crown jewels. The Buss family sold its majority stake in the Lakers to Dodgers owner Mark Walter.

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

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,