The Buss family — owners of the Los Angeles Lakers since the late Dr. Jerry Buss purchased the team in 1979 — has agreed to sell its majority stake in the franchise at a record $10 billion valuation, making this the most expensive sale of a U.S. professional sports team to date.

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

Dodgers owner Mark Walter will assume a controlling interest of the team; Jeanie Buss will remain in the governor role