Mark Walter is selling the Lakers to Joshua Kushner and Bob Iger for $12.5 billion, just 14 months after purchasing them for $10 billion, potentially to raise cash amid investigations into his companies. The Buss family will retain a 15% stake and Jeanie Buss will remain as governor for at least five years. Despite ownership changes, the Lakers’ roster and operations are expected to remain stable in the short term. The new owners have yet to outline their vision for the franchise.
