24 Hrs
Source:
Los Angeles Times
Details on Mark Walter's Lakers sale
Mark Walter sold the Lakers to Bob Iger and Joshua Kushner for $12.5 billion, raising questions about the deal's transparency and motivations, especially as Walter's holding company faces federal investigations related to undisclosed loans. The sale occurred after less than a year of Walter's ownership and was reportedly influenced by rising NBA expansion costs and potential financial leverage. Walter plans to retain ownership of the Dodgers, which remains unaffected by the Lakers sale.
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