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.

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.

For just under $10 billion, private equity firm 3G Capital recently bought Skechers — an ascendant global footwear brand with $9 billion in annual sales and 20,000 employees spread across 5,300 stores.