23 Hrs
Source:
The New York Times
Mark Walter Faces Spotlight Over Lakers Sale and Probe
Mark Walter, owner of the Los Angeles Dodgers and former owner of the Lakers, recently sold the Lakers to Bob Iger and Joshua Kushner at an estimated value of $12.5 billion, a significant increase from his purchase price. The sale occurred just 14 months after Walter acquired the Lakers, raising questions amid federal investigations into his insurance companies and related investments. Walter's business empire, built through finance and investments, includes multiple sports franchises, with scrutiny focusing on improper reporting of related-party investments and ongoing probes by federal agencies.
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