Lakers sold again as Westbrook announces retirement
Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 10:43 PM
Last updated Aug 12, 2026
Russell Westbrook announced his retirement from the NBA in a video posted on X, but the news was overshadowed by the Los Angeles Lakers being sold for $12.5 billion to Josh Kushner and Bob Iger. The sale follows a record $10 billion purchase by Mark Walter just 14 months prior. Walter's decision to sell is reportedly linked to a federal investigation into financial activities related to his business empire. The sudden ownership change has drawn significant attention away from Westbrook's impactful career with the Lakers.
- •Russell Westbrook retires, sharing a personal video on X.
- •Mark Walter sells the Lakers just 14 months after buying them.
- •Sale price marks a record-breaking $2.5 billion profit.
- •Walter's financial dealings are under federal investigation.
- •The Lakers have changed ownership twice in 14 months.
- 10:43 PMYahoo Sports — How the news of the Lakers' sale overshadowed one of its own
"The news of Russell Westbrook's retirement was overshadowed by a different kind of earthquake that rumbled through Los Angeles. The Lakers who were sold just 14 months earlier, was again sold for $12.5 billion. The question looms: Why?
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