Mark Walter sells Lakers stake amid potential legal troubles
6 sources • 2 min read • Latest: Aug 22, 2026, 3:17 PM
Last updated Aug 22, 2026
Mark Walter has sold his stake in the Los Angeles Lakers to a group led by Joshua Kushner and Bob Iger. The sale follows reports of a federal investigation concerning undisclosed related-party loans. Bill Simmons speculates that Walter's financial issues could lead to the sale of his stake in the Dodgers next. The Lakers face uncertainty as their front office awaits clarity on ownership, potentially impacting their upcoming season and operational decisions. Walter's asset sales suggest significant financial pressures as he also sells his Chelsea share.
- •Walter sells Lakers stake less than a year after purchasing.
- •Bill Simmons raises concerns about Walter facing jail time.
- •Potential federal investigation into Walter's financial dealings.
- •Lakers operations remain unsettled amid ownership uncertainty.
- •Walter may sell Dodgers next according to industry experts.
- 3:17 PMCBS MLB — Dodgers president says team is 'not for sale' amid growing fan concerns after Mark Walter's Lakers deal
- 2:29 PMYahoo Sports — Dodgers president shuts down talk of sale after Mark Walter's Lakers deal
- 11:21 AMYahoo Sports — “Wildly Inappropriate” – Dodgers President Hits Back At Reporter For Comparison Between Mark Walter & Previous Owner Who Led Team To Bankruptcy
- 2:48 AMYahoo Sports — Dodgers president shuts down sale rumors after Mark Walter’s $12.5B Lakers deal
- 5:37 AMYahoo Sports — ‘He Might Actually Go to Jail’ — Bill Simmons Drops Mark Walter Bombshell, Predicts Dodgers Sale After Lakers, Chelsea Moves
"Los Angeles Dodgers president Stan Kasten attempted to calm online speculation about the future of the franchise under billionaire owner Mark Walter on Friday. The conjecture began earlier this month with Walter agreeing to a stunning sale of the Los Angeles Lakers to businessmen Josh Kushner and Bob Iger for a record-breaking price of $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity. Walter bought a controlling stake in the franchise from the Buss family last year.
"Less than a year after officially purchasing the Los Angeles Lakers, Mark Walter has sold his stake in the team to a group led by Joshua Kushner, the brother of Donald Trump’s son-in-law, Jared Kushner, and Bob Iger, the former CEO of Disney. The move came as a surprise to many, but a little digging on Walter’s financial situation shows that there may be a lot more to the sale than meets the eye.
"Will the Dodgers be heading toward new ownership? Will Mark Walter sell the World Series champions? These rumors have circulated among baseball fans since Walter sold the LA Lakers for $12. 5 billion, just months after acquiring a controlling stake in the NBA franchise from the Buss family.
Sources
External links- CBS MLBAug 22, 2026, 3:17 PMDodgers president says team is 'not for sale' amid growing fan concerns after Mark Walter's Lakers deal
Walter sold the Lakers for $12.5 billion earlier this month -- a mere 14 months after purchasing the franchise
- Yahoo SportsAug 22, 2026, 2:29 PMDodgers president shuts down talk of sale after Mark Walter's Lakers deal
Dodgers president Stan Kasten attempted to calm online speculation about the future of the franchise under billionaire owner Mark Walter.
- Yahoo SportsAug 22, 2026, 11:21 AM“Wildly Inappropriate” – Dodgers President Hits Back At Reporter For Comparison Between Mark Walter & Previous Owner Who Led Team To Bankruptcy
Will the Dodgers be heading toward new ownership? Will Mark Walter sell the World Series champions? These rumors have circulated among baseball fans since Walter sold the LA Lakers for $12. 5 billion, just months after acquiring a controlling stake in the NBA franchise from the Buss family.
- Yahoo SportsAug 22, 2026, 2:48 AMDodgers president shuts down sale rumors after Mark Walter’s $12.5B Lakers deal
Los Angeles Dodgers president Stan Kasten attempted to calm online speculation about the future of the franchise under billionaire owner Mark Walter on Friday. The conjecture began earlier this month with Walter agreeing to a stunning sale of the Los Angeles Lakers to businessmen Josh Kushner and Bob Iger for a record-breaking price of $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity. Walter bought a controlling stake in the franchise from the Buss family last year.
- Yahoo SportsAug 20, 2026, 5:37 AM‘He Might Actually Go to Jail’ — Bill Simmons Drops Mark Walter Bombshell, Predicts Dodgers Sale After Lakers, Chelsea Moves
Less than a year after officially purchasing the Los Angeles Lakers, Mark Walter has sold his stake in the team to a group led by Joshua Kushner, the brother of Donald Trump’s son-in-law, Jared Kushner, and Bob Iger, the former CEO of Disney. The move came as a surprise to many, but a little digging on Walter’s financial situation shows that there may be a lot more to the sale than meets the eye.
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