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Mark Walter sells Los Angeles Lakers for $12.5 billion, Trump denies involvement

Yahoo Sports • 1 min read • Latest: Aug 13, 2026, 3:52 PM

Last updated Aug 13, 2026

Mark Walter sells Los Angeles Lakers for $12.5 billion, Trump denies involvement

Summary

Mark Walter has agreed to sell the Los Angeles Lakers for approximately $12.5 billion, less than two years after acquiring a majority stake for about $10 billion. The sale, confirmed on August 9, also prompted speculation about potential ties to President Donald Trump due to connections with Josh Kushner. The White House stated the president and his administration have no relation to the transaction. Star point guard Luka Doncic, preparing for his first Lakers season alongside LeBron James, expressed excitement about the changes. The sale will require approval from the NBA's board of governors.

Source Links

Yahoo Sports

By the Numbers

•Walter's Lakers sale announced amid speculation of Trump's involvement.
•Lakers sold for $12.5 billion, up from $10 billion acquisition.
•White House clarifies no involvement from President Trump.
•Luka Doncic ready for first season as a Laker.
•Sale pending approval from NBA's board of governors.

Latest Updates

3:52 PMYahoo Sports — White House releases statement on Donald Trump’s involvement in Lakers’ sale

What they're saying

"
In a shocking Wednesday announcement, Mark Walter has agreed to sell the Los Angeles Lakers for approximately $12.5 billion after acquiring a majority stake in the franchise from the Buss family in June of 2025 for roughly $10 billion. “Owning the Los Angeles Lakers has been one of the great honors of my life —…
— Yahoo Sports

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