Mark Walter sells Lakers amid investigation and profit opportunity
3 sources • 1 min read • Latest: Aug 13, 2026, 3:14 PM
Last updated Aug 13, 2026
Mark Walter has sold the Los Angeles Lakers for $12.5 billion just one year after purchasing the team. The sale caught NBA fans and owners off guard, occurring in under 72 hours after Joshua Kushner and Bob Iger made the offer. Walter's decision follows reports of an ongoing FBI investigation into his financial dealings, including questions surrounding related party transactions at his ventures like Guggenheim Partners. TWG Global, his holding company, claims to be cooperating with authorities and insists on Walter's integrity. The sale indicates significant financial maneuvering amidst scrutiny.
- •Mark Walter sells the Lakers for $12.5 billion.
- •The sale was initiated in under 72 hours by Kushner and Iger.
- •Walter has been under FBI investigation for financial improprieties.
- •TWG Global denies wrongdoing and asserts cooperation with authorities.
- •The situation mirrors the controversial Luka Dončić trade.
- 3:14 PMYahoo Sports — Mark Walter investigation, explained: Why suspicious timing of Lakers sale raised eyebrows around NBA
- 1:41 AMYahoo Sports — Mark Walter investigation explained: The timing of the Lakers' $12.5 billion sale can't be ignored
"With Walter's abrupt sale of the Lakers for billions in profit, a federal investigation he's connected to has become of further interest.
"There is a lot going behind the scenes of the Lakers' sale.
Sources
External links- Yahoo SportsAug 13, 2026, 3:14 PMMark Walter investigation, explained: Why suspicious timing of Lakers sale raised eyebrows around NBA
With Walter's abrupt sale of the Lakers for billions in profit, a federal investigation he's connected to has become of further interest.
- Yahoo SportsAug 13, 2026, 1:41 AMMark Walter investigation explained: The timing of the Lakers' $12.5 billion sale can't be ignored
There is a lot going behind the scenes of the Lakers' sale.
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