Lakers Ownership in Turmoil: Mark Walter's Tenure Ends Amid Federal Investigations In a shocking turn of events, billionaire Mark Walter's brief and tumultuous tenure as the owner of the Los Angeles Lakers is coming to an end. Walter has agreed to sell the storied NBA franchise to a new ownership group led by Thrive Capital founder Josh Kushner and former Disney CEO Bob Iger in a deal reportedly worth $12.5 billion. The sale comes just 14 months after Walter purchased the team, sparking questions about the motivations behind the sudden sale. As the transaction is finalized, concerns persist about the federal scrutiny surrounding Walter's vast financial empire, which has been under investigation in recent months. With the Lakers' new ownership group set to take the reins, fans and observers alike are left wondering what the future holds for the team and whether the sale will bring an end to the uncertainty surrounding Walter's business dealings.
Mark Walter’s brief stewardship of the Lakers is ending beneath a cloud of federal scrutiny surrounding his sprawling financial empire. Walter agreed on Wednesday to sell the Lakers franchise to Thrive Capital founder Josh Kushner and former Disney CEO Bob Iger in a deal valuing at $12.5 billion. The transaction arrived only 14 months after...
