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 Buss family agreed to a deal to sell majority ownership of the Los Angeles Lakers to L.A. Dodgers co-owner Mark Walter for approximately $10 billion.

After nearly half a century shaping one of the NBA's most well-known franchises, the Buss family is stepping down as majority owners of the Los Angeles Lakers, marking the end of an era that fused sporting dominance with Hollywood spectacle.