Mark Walter sells Lakers to Josh Kushner and Bob Iger for $12.5 billion
Yahoo Sports • 1 min read • Latest: Aug 16, 2026, 1:30 PM
Last updated Aug 16, 2026
Mark Walter has finalized the sale of the Los Angeles Lakers to businessman Josh Kushner and former Disney CEO Bob Iger for a record $12.5 billion. Walter's tenure as majority owner lasted just over a year, during which the franchise underwent significant changes, including staff layoffs and increased ticket prices. Despite high hopes for the future under Walter, his ownership ultimately ended with a first-round playoff exit and without notable achievements. Reasons for the sale include speculation on federal investigations involving Walter, although no comments have been made about this matter.
- •Walter's ownership lasted just over a year.
- •Ticket prices were increased and layoffs occurred.
- •Lakers lost in the first round of the playoffs.
- •The sale price is a record $12.5 billion.
- •Walter's future plans remain unclear amid investigation speculation.
- 1:30 PMYahoo Sports — Mark Walter’s Lakers sale memorialized by mass layoffs, price hikes, losing LeBron
- 1:30 PMNew York Post — Mark Walter’s Lakers sale memorialized by mass layoffs, price hikes, losing LeBron - New York Post
"mark walter josh kushner bob iger lakersWhen Mark Walter purchased the majority ownership of the Lakers last year, expectations for the franchise’s short- and long-term future soared. After being primarily...
"When Mark Walter purchased the majority ownership of the Lakers last year, expectations for the franchise’s short- and long-term future soared. After being primarily owned by the Buss family – firs…
Sources
External links- Yahoo SportsAug 16, 2026, 1:30 PMMark Walter’s Lakers sale memorialized by mass layoffs, price hikes, losing LeBron
mark walter josh kushner bob iger lakersWhen Mark Walter purchased the majority ownership of the Lakers last year, expectations for the franchise’s short- and long-term future soared. After being primarily...
- New York PostAug 16, 2026, 1:30 PMMark Walter’s Lakers sale memorialized by mass layoffs, price hikes, losing LeBron - New York Post
When Mark Walter purchased the majority ownership of the Lakers last year, expectations for the franchise’s short- and long-term future soared. After being primarily owned by the Buss family – firs…
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