The Buss family is selling a majority stake in the Los Angeles Lakers to Mark Walter, CEO of TWG Global, for a record-breaking $10 billion. Walter, already a minority owner, will take over majority ownership, but Jeanie Buss will remain team governor. The sale marks the end of an era, as the Buss family has owned the Lakers since 1979, building it into one of the NBA's most successful franchises. The sale price sets a new record for any sports franchise.

Prepared by Christopher Adams and reviewed by editorial team.