The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing so with a franchise valuation of $10 billion — the most ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.

With Jeanie Buss’ selling of majority ownership with the Lakers, her role is expected to be different than Mark Cuban’s after Mavericks sale.

The Los Angeles Lakers have been sold from the Buss Fmily to Mark Walter for a historic $10 billion. In what is being called one of the more shocking moves in f