The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children.

It was announced on Wednesday that Jeanie Buss and the Buss family will be selling their majority stake in the Los Angeles Lakers. The man buying the NBA's most legendary franchise is Mark Walter, CEO of TWG Global,

Dodgers owner Mark Walter will assume a controlling interest of the team; Jeanie Buss will remain in the governor role