His innovations, from the time he bought the franchise in 1979 until his death in 2013, turned his team into L.A.’s hottest ticket and changed sports history.

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.

NBA insiders are eyeing improvements from the Los Angeles Lakers' management and their spending habits following the team's reported sale by the Buss family.