The Los Angeles Lakers recently shook things up when they were sold to Mark Walter, who is also the owner of the Los Angeles Dodgers. The move ends the longtime ownership of the Lakers by the Buss family, although Jeanie Buss will still have considerable influence within the organization.

The Buss family have agreed to sell a majority stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, the two parties confirmed on Wednesday, while adding that Jeanie Buss will remain governor of the storied NBA franchise.

Businessman Mark Walter’s acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth