The Buss family is selling a majority stake in the Los Angeles Lakers to Los Angeles Dodgers owner Mark Walter for a reported $10 billion, making it the largest sale of a professional sports franchise. Jeanie Buss will remain governor for several years. Walter, CEO of TWG Global, has a history of investing in sports teams and is known for his willingness to spend on talent, as seen with the Dodgers' success. This sale could signify increased spending and a higher salary cap for the Lakers.

Prepared by Christopher Adams and reviewed by editorial team.