The Buss Family has agreed to sell the majority ownership of the Los Angeles Lakers to Los Angeles Dodgers owner Mark Watler.

Jerry Buss first purchased the Lakers in 1979 for $67.5 million in a deal that also included the NHL's Los Angeles Kings and The Forum in Inglewood, California. The franchise passed down to his children after he died in 2013. The Buss family has owned about two-thirds of the Lakers prior to this sale.

Charania noted that Jerry Buss, who died in 2013, bought the Lakers for $67.5 million in 1979. The team is now valued at approximately $10 billion, marking the largest sale of a professional sports team in the world. This article will be updated soon to provide more information and analysis.