Days after Mark Walter’s Los Angeles Dodgers won the World Series last fall for the second time in five years, he met with the team’s president of baseball operations, Andrew Friedman, to discuss an offseason strategy.

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

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.