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Mark Walter Will Sell Lakers to Josh Kushner and Bob Iger for $12.5 Billion
Well THAT was unexpected.
After decades of family ownership, the Lakers will change ownership for the second time in less than a year and a half, with news breaking Wednesday that Mark Walter will be selling the team to a group led by venture capitalist Josh Kushner and former Disney head Bob Iger.
The valuation is reportedly $12.5 billion, meaning Walter flipped the franchise for a tidy profit, having purchased 14 months ago for $10 billion.
So why now?
Theories abound. It could be related to Walter's health, having reportedly suffered a stroke in 2024 that has been challenging to recover…
The skinny
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