Less than a year ago, billionaire Los Angeles Dodgers owner Mark Walter purchased the Lakers from the Buss family at a valuation of $10 billion. On Wednesday, in a stunning development, he turned around and sold the franchise.
ESPN’s Ramona Shelburne reports Walter has sold the Lakers to Josh Kushner and Bob Iger for $12.5 billion. The news comes amid a federal law enforcement probe into the financials of Walter and his companies.
