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.

The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties

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.