Lakers to be sold to Dodgers owner at $10bn valuation, per reports

• Buss family sells team after 45-year tenure

• New owner Mark Walter also owns WNBA's Sparks

The Buss family is entering an agreement to sell a majority stake in the Los Angeles Lakers at a $10bn valuation, ESPN reported on Wednesday, marking the end of an era for one of the NBA's most influential families.

Mark Walter, the CEO and chair of holding company TWG Global, is set to take the majority ownership under the agreement, ESPN's NBA insider Shams Charania said in a post on X. Walter was already a minority owner in the Lakers and is also primary owner and chair of the Los Angeles Dodgers of Major League Baseball, and the Los Angeles Sparks of the WNBA.