Mark Walter agrees to sell Lakers amid business investigation

Mark Walter, the owner of the Lakers, has agreed to sell the team during an ongoing federal investigation into parts of his business operations. The decision comes shortly after a surge of lending activity related to future earnings among athletes and artists. Walter's move marks a significant change in the leadership of the storied franchise. Currently, there is no indication that the loans to LeBron James are connected to the investigation. The Lakers are now navigating this transition as the federal inquiry continues.

• 4:10 PMYahoo Sports — The burst of lending began before Guggenheim leader …