The Buss Family has agreed to sell the majority ownership of the Los Angeles Lakers to Mark Walter, CEO and chairman of diversified holding company TWG Global and owner of the Los Angeles Dodgers, ESPN's Shams Charania reported Wednesday. According to Charania, Jeanie Buss will continue to serve in her role as governor of the team after the sale.

The Buss Family has agreed to sell the majority ownership of the Los Angeles Lakers to Los Angeles Dodgers owner Mark Watler.

The Boston Celtics were the last NBA team to be sold when they struck a deal with a group led by Bill Chisholm earlier this year. The group purchased the Celtics for $6.05 billion, which set an NBA record. Controlling ownership of both the Phoenix Suns and Dallas Mavericks were sold in recent years, too.