The Dodgers have won two World Series titles since Walter and his group made the purchase just over a decade ago. The team payroll is exceeded only by the New York Mets, at $323 million against $321 million. The next closes team is the New York Yankees at $293.5 million.

The Los Angeles Lakers’ longtime owners have reportedly agreed to sell the team to another LA sports magnate in a deal estimated to be worth $10 billion.

Guggenheim Partners CEO Mark Walter, who also owns Major League Baseball’s Los Angeles Dodgers, is acquiring the storied NBA team in a move that makes it the world’s most valuable sports franchise.