While they are not playing in the NBA Finals, the Lakers nonetheless made seismic news with the announcement that Dodgers owner Mark Walter has entered into an agreement to purchase majority ownership of the Lakers,

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.

The Buss family agreed to a deal to sell majority ownership of the Los Angeles Lakers to L.A. Dodgers co-owner Mark Walter for approximately $10 billion.