Mark Walter sells Lakers stake, Dodgers ownership remains unchanged
Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 5:50 PM
Last updated Aug 12, 2026
Mark Walter has reached a deal to sell his stake in the Los Angeles Lakers for $12.5 billion, just 10 months after purchasing them. Despite speculation, sources indicate that the ownership of the Los Angeles Dodgers will not change, and Walter will continue as chairman. The sale is the largest in sports history, boosting Walter's finances, but he and his group are under federal investigation for alleged loan fraud. There is no indication that the probe affects the Dodgers.
- •Walter sells Lakers stake for $12.5 billion to Bob Iger and Josh Kushner.
- •Dodgers will not be sold; Walter retains control as chairman.
- •Walter's group faces federal investigation by SEC and U.S. Attorney's Office.
- •Dodgers generated over $1 billion in revenue last season.
- •Walter's group has interests in multiple sports franchises.
- 5:50 PMYahoo Sports — Will Lakers sale impact Dodgers? Owner Mark Walter faces federal probe
"Dodgers owner Mark Walter is unloading his stake in the Lakers. Will that impact his MLB team?
Sources
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