Mark Walter sells LA Lakers to Josh Kushner and Bob Iger

Mark Walter has sold the Los Angeles Lakers to Josh Kushner and Bob Iger less than a year after acquiring majority ownership. The sale, which reportedly brings a $2 billion profit for Walter, occurs amidst federal and SEC inquiries involving his business group. Fans speculate that his motivations may be linked to these investigations, seeing the timing as opportunistic. Walter retains control over other sports franchises he owns, including the MLB's Los Angeles Dodgers and the WNBA's Los Angeles Sparks. Further details on the future direction of the Lakers under the new ownership are expected.

• 3:36 PMYahoo Sports — ‘Sneaky feeling’ – NBA fans think they’ve figured out why Mark Walter has sold the LA Lakers