The Buss family made a move to sell the franchise to TWG Global for $10 billion, which, in light of their initial $67.5 million purchase in 1979, sees them walk away with a healthy profit.

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

The Los Angeles Lakers will have new majority ownership, selling to Mark Walter, the CEO of TWG Global and controlling owner of the Dodgers.