Guggenheim Partners CEO Mark Walter, who also owns Major League Baseball’s Los Angeles Dodgers, is acquiring the storied NBA team in a move that makes it the world’s most valuable sports franchise.

The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the team at $10 billon, according to people with knowledge of the terms. The sale would mark a new record for NBA valuations. The Crypto.com Arena, where the Lakers play, is owned by AEG and is not included in the deal.

The family is selling a majority stake for a valuation of $10 billion to Mark Walter, who had previously owned a minority stake in the team, a source told NBCLA.