Questions and Answers About Mark Walter Selling the Lakers
The deal sets a new high for professional sports team sales and still requires league approval before the controlling stake changes hands.
- On Wednesday, billionaire venture capitalist Josh Kushner and former Disney CEO Bob Iger agreed to purchase the Los Angeles Lakers for a record $12.5 billion, pending NBA approval.
- Mark Walter sold the team less than a year after his $10 billion acquisition closed last October, marking an unprecedented flip for a franchise previously held by the Buss family for 46 years.
- This transaction resets NBA valuations, significantly exceeding the previous high of $6.1 billion for the Boston Celtics last year and demonstrating a 25% return on Walter's original investment in one year.
- Bloomberg reported last month that Walter faces an investigation regarding undisclosed loans from TWG Global, with reports indicating he is raising capital to pay down these debts following the Lakers sale.
- Speculation regarding the Los Angeles Dodgers has increased after the Lakers sale, though the team is valued at $7.8 billion and Walter has provided no indication he is seeking offers for the franchise.
26 Articles
26 Articles
Fortune of venture capital, the brother of Jared Kushner, Donald Trump's son-in-law, was so far a discreet figure, historical support of the Democrats. After the failure of Fifa's private investment fund project, he bought the legendary Los Angeles basketball club for more than $12 billion.
In June 2025, businessman Mark Walter broke the record for the most expensive purchase of a sports club by paying $10 billion for the Los Angeles Lakers. Now he's selling the NBA club for $12.5 billion. The question is why.
A new group of owners will pay $12.5 billion to buy the Los Angeles Lakers.
One of the most recognizable world franchises, the Los Angeles Lakers, for which Luka Dončić also plays, will get new owners in a record purchase in the history of sports. Among them is none other than Joshua Kushner, a technology billionaire whose brother Jared is the son-in-law of US President Donald Trump. Information has leaked to the public that Kushner and former Disney CEO Bob Iger have offered a record purchase price in the history of wo…
Luka Doncic's role in the sale of the Lakers has been revealed
Feb 25, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts against the Dallas Mavericks during the first quarter at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-Imagn Images Luka Doncic is now the undisputed face of the Los Angeles Lakers, but even he was kept in the dark about the latest stunning development with the franchise. The superstar guard Doncic was not consulted about the sale of the Lakers, Da…
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