📰 Media & Journalism 1d ago · Patrick Redford

Lakers Owner Mark Walter Suddenly Sells Team Amid Federal Investigation

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Lakers Owner Mark Walter Suddenly Sells Team Amid Federal Investigation
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Out of nowhere, and after only a few short days of negotiations, Joshua Kushner and Bob Iger have agreed to buy the Los Angeles Lakers from Mark Walter for a reported record price of $12.5 billion. Every part of that sentence is wild, especially given the recent financial maneuverings of Walter and Kushner.

Let's start with Walter, who bought the Lakers in June 2025 for $10 billion. Walter also owns the Los Angeles Dodgers and has turned them into an organization so hyper-competent that it has

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