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.

The Los Angeles Lakers will have new majority ownership, selling to Mark Walter, the CEO of TWG Global and controlling owner of the Dodgers.

Surprisingly, Jeanie Buss’ family plans to sell the Los Angeles Lakers to Mark Walter, a successful CEO and chairman of TWG Global, for $10 billion. While there’s a good chance that there was initial confusion about how the deal materialized, ESPN’s Brian Windhorst broke it all down on his ‘Brian Windhorst & The Hoop Collective podcast.’