League: NBA Sport: Basketball Country: Global Category: Rumors

Mark Walter sells Lakers for $12.5 billion amid federal scrutiny

Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 11:00 PM

Last updated Aug 12, 2026

Mark Walter sells Lakers for $12.5 billion amid federal scrutiny

Summary

Billionaire Mark Walter has sold the Los Angeles Lakers for a reported $12.5 billion just 14 months after purchasing the team for $10 billion. The sale comes amid a federal investigation into Walter, which had been reported the prior month. He sold the team to a group led by former Disney CEO Bob Iger and venture capitalist Josh Kushner. Discussion on FS1 highlighted the ties between Walter's recent White House visit and the investigation, suggesting possible connections to the quick turnaround of the sale. Industry experts are calling for detailed investigative journalism to unravel these events and their implications.

Source Links

Yahoo Sports

Key Details

•Walter sold Lakers for $12.5 billion, less than 15 months after buying for $10 billion.
•The sale follows a federal investigation into Walter regarding allegedly illegal loans.
•Josh Kushner, involved in the purchase, has ties to former political figures.
•Experts see connections between Walter's sale timing and his recent White House visit.
•Calls for thorough investigative reporting surrounding the circumstances of the sale.

Latest Updates

11:00 PMYahoo Sports — Nick Wright: ‘Can’t ignore’ Mark Walter’s White House visit, fraud investigation in story of Lakers sale

What they're saying

"
The Los Angeles Lakers were sold this week for the second time in 14 months, as billionaire sports enthusiast Mark Walter re-sold the team for a reported $12.5 billion after buying it for $10 billion in June of last year. Walter, who was the subject of a federal investigation reported last month, is selling the…
— Yahoo Sports

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