Mark Walter, the owner of the Los Angeles Dodgers, is entering into an agreement to buy majority ownership of the Los Angeles Lakers, according to ESPN. Jeanie Buss will retain her role as the team's governor after the sale, according to the report.

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