After Mark Walter took over as the new team owner of the Los Angeles Lakers a little more than a year ago, the storied NBA franchise was officially headed in a

Mark Walter sold his majority shares of the Lakers to Bob Iger and Josh Kushner for $12.5 billion, yielding a $2.5 billion profit

One year after buying a controlling interest in the Los Angeles Lakers from the Buss family, team owner Mark Walter is now selling the historic NBA franchise.

Josh Kushner is the younger brother of former Trump adviser Jared Kushner

The Los Angeles Lakers have been sold for the second time in as many years with Josh Kushner and Bob Iger purchasing the franchise.