Just 10 months after Dodgers owner Mark Walter officially became the Lakers majority owner, he flipped the asset. Why?

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.

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