More than a quarter of the Los Angeles Lakers will have a brand-new owner.

Billionaire Philip Anschutz has reached a contract to offer his 27 percent minority stake in the Lakers to Los Angeles Dodgers owners Mark Walter and Todd Boehly, Sportico reported Saturday. The sale has supposedly not been approved by the NBA Board of Governors.

The precise cost of the offer is likewise unidentified. However, it is going to be significant. The Lakers were estimated to be worth $4.6 billion by Forbes this year, which will happen when you’re the NBA’s many star-studded franchises in among its most important markets.

What does this mean for the Lakers?

Anschutz, Staples Center owner, and home entertainment huge AEG, had the second-largest stake in the group behind the Buss family’s 66 percent. The sale likewise carries some ramifications for the group, as Anschutz supposedly had the right initially to refuse any sale for control of the team.

If the purchaser will retain equal rights, it’s unclear.

While the creator of Staples Center’s operator is selling his stake, the Lakers do not appear most likely to be on the move. Lakers president of business operations Tim Harris told Sportico that he doesn’t see the team breaking its lease, recently extended to 2041:

” Given the lease extension, we anticipate another twenty years– plus– of the company with AEG,” he stated. “There isn’t a lot that alters. We get to include more partners. We do not see this as Phil is going anywhere.”

The Lakers will quickly be the sole NBA renter of Staples Center, as the Los Angeles Clippers stay on track to move to their new arena in Inglewood in 2024. The Los Angeles Kings (owned by AEG) and Los Angeles Sparks complete the occupant group.