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

The Los Angeles Lakers’ longtime owners have reportedly agreed to sell the team to another LA sports magnate in a deal estimated to be worth $10 billion.

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.