Mark Walter sells Los Angeles Lakers amid FBI investigation

Mark Walter has sold the Los Angeles Lakers to a group led by Josh Kushner and Bob Iger for over $12 billion. Walter's tenure as owner was short, lasting only ten months after he acquired the franchise. His decision to sell comes in the wake of an FBI investigation and financial pressures, leading to questions about the circumstances surrounding the sale. ESPN reports that Walter's time with the team was marked by significant ticket price increases and a controversial track record.

• 12:00 PMYahoo Sports — NBA owners don’t need to win anymore. They just need their teams to get more valuable