The Buss family is in the process of officially selling the majority stake of the Los Angeles Lakers for $10 billion after owning the team since 1979.

T he Los Angeles Lakers are being sold at a record price, ushering in a new era for the franchise. By any metric they are one of the most valuable and storied organizations in pro

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.