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

Mark Walter, the owner of the Los Angeles Dodgers, is entering into an agreement to buy majority ownership of the Los Angeles Lakers, according to ESPN. Jeanie Buss will retain her role as the team's governor after the sale, according to the report.