One of the Los Angeles Lakers' minority owners is changing soon. That is after billionaire Philip Anschutz has reportedly reached an agreement to sell his stake in the franchise, per Sportico.

As Romana Shelburne of ESPN noted, Anschutz owns a 27 percent stake in the Lakers franchise. While there won't be a massive change when it comes to ownership since Jeanie Buss and her family owns 66 percent of the team, the sale is particularly intriguing considering that Anschutz has the first right to purchase if the Buss family ever sells the team.

It is unknown if that right will be transferred with Anschutz's sale of his stake, but that is a story worth observing as more details about the transaction surface.

The Lakers are valued at $4.6 billion, the third-most valuable team in the NBA behind the New York Knicks and Golden State Warriors. LA is also one of the most storied franchises in league history, tied with the Boston Celtics for the most championship titles with 17 each.

Unfortunately for the Purple and Gold, LeBron James and Co. failed to advance in the 2021 NBA playoffs after suffering a first-round exit at the hands of the Phoenix Suns. LA was the defending champions, so the defeat was absolutely disappointing for the fanbase.

Still, that is unlikely to affect the value of the franchise, especially with the NBA growing more and more popular not only in the US but around the world.