Sport: Soccer Country: United States Category: Trades

Mark Walter sells Lakers stake amid potential legal troubles

Yahoo Sports • 1 min read • Latest: Aug 20, 2026, 5:37 AM

Last updated Aug 20, 2026

Mark Walter sells Lakers stake amid potential legal troubles

Summary

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.

Source Links

Yahoo Sports

Key Details

•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.

Latest Updates

5:37 AMYahoo Sports — ‘He Might Actually Go to Jail’ — Bill Simmons Drops Mark Walter Bombshell, Predicts Dodgers Sale After Lakers, Chelsea Moves

What they're saying

"
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.
— Yahoo Sports

Related Teams & Leagues

Chelsea Soccer