Malk Walter, the CEO of Guggenheim Partners and the primary owner of the Los Angeles Dodgers, has reportedly agreed to purchase a majority share of the Los Angeles Lakers from the Buss family. It has made some wonder if LeBron James' desire to remain with the Lakers will be affected.

LOS ANGELES–Billionaire Mark Walter’s purchase of a majority stake in the Los Angeles Lakers, in a deal that values the team at $10 billion, adds another glittering asset to his sports portfolio and could usher in another championship era for the National Basketball League franchise.

But on Wednesday, everything changed for the Lakers. The Buss Family agreed to sell the Lakers to Mark Walter for a record-breaking $10 billion valuation. After the news of the sale came out, Walter released a statement on the matter. Walter doubled down on keeping the historic status of the Lakers ongoing.