The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise.

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

While they are not playing in the NBA Finals, the Lakers nonetheless made seismic news with the announcement that Dodgers owner Mark Walter has entered into an agreement to purchase majority ownership of the Lakers,