The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run

Jerry Buss first purchased the Lakers in 1979 for $67.5 million in a deal that also included the NHL's Los Angeles Kings and The Forum in Inglewood, California. The franchise passed down to his children after he died in 2013. The Buss family has owned about two-thirds of the Lakers prior to this sale.

The majority stake of the Los Angeles Lakers basketball franchise is being sold in a historic deal worth an estimated $10 billion (£7.45b). The Buss family has owned the team - one of the most iconic in sports globally - since 1979 and now has reportedly made a deal with TWG Global CEO Mark Walter.