Los Angeles Lakers Set for Ownership Change

The Los Angeles Lakers are undergoing another ownership transition. Just 14 months after Mark Walter purchased the team with a groundbreaking valuation of $10 billion, he is selling it again. The team is being sold to Bob Iger, former CEO of Disney, and Joshua Kushner for over $12 billion. This information was provided by a source familiar with the deal who opted to remain anonymous due to the confidential nature of the sale discussions.

Kushner holds a minority interest in the Miami Heat and is known as the younger brother of Jared Kushner. In their statement, Iger and Kushner expressed deep admiration for the Lakers and an appreciation for the ongoing legacy of Jerry and Jeanie Buss. They emphasized their commitment to maintaining the team’s competitive spirit and serving both the fans and the Los Angeles community with dedication.

Mark Walter, also a major stakeholder in the Los Angeles Dodgers, reflected on his tenure by acknowledging the significant honor and investment that owning the Lakers represented for him. Walter shared his gratitude towards Jeanie Buss, the Buss family, the players, and the staff for including him as part of the franchise’s history. He also expressed confidence in the team’s bright future, affirming that the Lakers are integrally tied to Los Angeles and its people.

This news story will be updated as more information becomes available.