Lakers sold for $12.5 billion amid scrutiny over ownership change

The Los Angeles Lakers were sold for $12.5 billion on Wednesday, transferring control from Mark Walter to a new group led by Josh Kushner and Bob Iger. This sale is notable for its unprecedented value and the rapid turnover, occurring just 10 months after Walter purchased the team for $10 billion. Bill Plaschke raised concerns about the motivations behind the sale, suggesting it may be linked to a federal investigation involving Walter and expressing doubts about the capabilities of the new owners. The future of the Lakers under this ownership is uncertain as both Iger and Kushner lack experience in managing a professional sports franchise.

• 4:48 PMYahoo Sports — The Los Angeles Lakers’ Record $12.5 Billion Sale Resets The Market For Sports Teams
• 4:32 PMESPN — 'The news shocked all of us': NBA execs, agents react to the Lakers getting flipped for $12.5 billion
• 6:16 AMYahoo Sports — The alleged reason Mark Walter made $12.5 billion Los Angeles Lakers deal ‘in just 72 hours’ revealed
• 5:48 AMYahoo Sports — NBA owners reportedly shocked by ‘bizarre’ $12.5 billion Los Angeles Lakers sale
• 1:00 AMYahoo Sports — Bill Plaschke on shocking Lakers sale: ‘Something stinks’