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,

Mark Walter, the owner of the Los Angeles Dodgers, is entering into an agreement to buy majority ownership of the Los Angeles Lakers, according to ESPN. Jeanie Buss will retain her role as the team's governor after the sale, according to the report.

The Grousbeck family sold their majority ownership stake of the Boston Celtics, who have won a league-record 18 titles to L.A.'s 17, to a new group led by private equity businessman William Chisholm for a record $6.1 billion in March. Now, it appears Jeanie and her siblings Jim, Johnny, Janie, Joey and Jesse are looking to beat that price.