Mark Walter, Josh Kushner agree on all Lakers sale terms
Los Angeles Times • • sports
Key Points:
- Lakers owner Mark Walter and Josh Kushner of Thrive Capital have agreed on the terms of the team's sale, valued at an NBA-record $12.5 billion, pending formal signing and NBA approval.
- The agreement was finalized at Walter's Florida home, with Kushner assuring Walter he has the funds to complete the transaction; former Disney CEO Bob Iger is partnering with Kushner on the deal.
- Walter purchased majority ownership of the Lakers in 2025 for $10 billion but is now selling less than a year later amid ongoing financial and legal scrutiny.
- Walter's holding company, TWG Global, is under federal investigation related to loans, and he has recently sold stakes in other sports assets, including Chelsea FC and is reportedly seeking to sell the WNBA's Sparks.
