The Buss family is in the process of officially selling the majority stake of the Los Angeles Lakers for $10 billion after owning the team since 1979.

T he Los Angeles Lakers are being sold at a record price, ushering in a new era for the franchise. By any metric they are one of the most valuable and storied organizations in pro

This is the real takeaway from the sale. The days of an NBA team as a family-run operation — especially where the team is the primary source of income, as it was for the Buss children — are gone. Big-time professional sports are now an investment for the ultra-wealthy.