Mark Walter's Lakers sale covers part of $20 billion debt amid SEC investigation

Mark Walter sold the Los Angeles Lakers to Bob Iger and Josh Kushner for $12.2 billion last week, resolving only a third of his $20 billion debt. The sale coincides with a Securities and Exchange Commission investigation into Walter's finances and pressure to alleviate loans by year's end. Despite the Lakers sale, expert Eric Jackson indicates Walter may have to sell the Los Angeles Dodgers, valued at $7.8 billion, to meet his financial obligations. The Dodgers have taken on high-profile player contracts, further complicating Walter's financial situation.

• 10:44 AMYahoo Sports — Mark Walter’s LA Lakers sale covered 1/3rd of $20 billion debt, could be forced to sell LA Dodgers