Mark Walter has agreed to sell the Los Angeles Lakers franchise to Josh Kushner, founder of Thrive Capital, and former Disney CEO Bob Iger. The deal is valued at $12.5 billion and comes 14 months after Walter took ownership of the team. The sale occurs amid federal scrutiny of Walter's financial operations.
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Mark Walter to sell Lakers franchise amid financial scrutiny
Mark Walter has finalized a deal to sell the Los Angeles Lakers to Josh Kushner and Bob Iger for $12.5 billion. This transaction follows a brief period of ownership and is taking place under federal scrutiny regarding Walter's financial dealings.
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Mark Walter
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Troubling financial questions emerge after Mark Walter’s Lakers blockbuster sale
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Mark Walter to sell Lakers franchise amid financial scrutiny