MTS(@MTSlive):SITUATION EXPLAINED: Why is the Lakers' owner selling 10 months after buying? • Mark Walter bought a controlling stake last year at $10 billion • Joshua Kushner and Bob Iger are paying $12.5 billion, a $2.5 billion profit for Walter in about 10 months • They were pursuing an expansion team in Las Vegas, then pivoted and approached Walter on Sunday • It's now a record for a US sports franchise @theojaffee: "I was not aware that Josh Kushner and Bob Iger were so rich that they are capable of spending $12.5 billion on a sports team between them. So I wonder if there are other investors."

2026.08.12 18:58

SITUATION EXPLAINED: Why is the Lakers' owner selling 10 months after buying? • Mark Walter bought a controlling stake last year at $10 billion • Joshua Kushner and Bob Iger are paying $12.5 billion, a $2.5 billion profit for Walter in about 10 months • They were pursuing an expansion team in Las Vegas, then pivoted and approached Walter on Sunday • It's now a record for a US sports franchise @theojaffee: "I was not aware that Josh Kushner and Bob Iger were so rich that they are capable of spending $12.5 billion on a sports team between them. So I wonder if there are other investors."