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Lakers sold again as Westbrook announces retirement

Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 10:43 PM

Last updated Aug 12, 2026

Lakers sold again as Westbrook announces retirement

Summary

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.

Source Links

Yahoo Sports

Status Watch

•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.

Latest Updates

10:43 PMYahoo Sports — How the news of the Lakers' sale overshadowed one of its own

What they're saying

"
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?
— Yahoo Sports

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