The Buss family — owners of the Los Angeles Lakers since the late Dr. Jerry Buss purchased the team in 1979 — has agreed to sell its majority stake in the franchise at a record $10 billion valuation, making this the most expensive sale of a U.S. professional sports team to date.

The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise.

With the Lakers ownership changing hands, we dive into the biggest moments in the team's history under the Buss family.

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Dodgers owner Mark Walter will assume a controlling interest of the team; Jeanie Buss will remain in the governor role

The Los Angeles Lakers will have a new owner for the first time in almost five decades, and they sold for a record-setting price. The Lakers will sell to Mark Walters for a record-setting deal of $10 billion.