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Sports Illustrated
Sports Illustrated
Sport
Liam McKeone

Lakers Shockingly Sold for Second Time in Two Years Amid Federal Probe Into Mark Walter

Mark Walter Lakers Bob Iger Jeanie Buss Josh Kushner NBA ESPN SI the Los Angeles Lakers

Less than a year ago, billionaire Los Angeles Dodgers owner Mark Walter purchased the Lakers from the Buss family at a valuation of $10 billion. On Wednesday, in a stunning development, he turned around and sold the franchise.

ESPN’s Ramona Shelburne reports Walter has sold the Lakers to Josh Kushner and Bob Iger for $12.5 billion. The news comes amid a federal law enforcement probe into the financials of Walter and his companies.

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