Lakers Ownership Shifts Fast | California News

Billionaire Mark Walter is reportedly selling the Los Angeles Lakers in a jaw-dropping $12.5 billion deal just months after acquiring them, with former Disney CEO Bob Iger and Joshua Kushner stepping in as new owners — a move that’s sparking fan outrage, raising questions about Kushner’s family ties, and happening amid Walter’s own federal investigation. The sale, finalized in just three days, comes after a whirlwind of speculation and marks a seismic shift for a franchise steeped in history. Iger, who once rooted for the Knicks and even sat courtside for Clippers games during his LA days, has already begun outreach to key figures — though notably not yet Luka Dončić — while pledging to honor the Lakers’ legacy and compete at the highest level. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18129257f1361111