The Lakers also enjoyed two legendary dynasties during the Buss family's ownership. The "Showtime" Lakers of the 1980s won five NBA titles and appeared in the Finals eight times.

The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children.

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