Mark Walters time as the Los Angeles Lakers owner did not last long. A year after purchasing a controlling interest in the team, Walter reportedly sold the Lakers to a group led by Josh Kushner and Bob Iger, according to ESPNs Ramona Shelburne. Kushner and Iger were reportedly involved in an expansion process to get an NBA team in Las Vegas, but pivoted to make a massive offer for the Lakers, per Shelburne.The Los Angeles Lakers are being sold to American businessman Josh Kushner and Bob Iger for a record breaking price over $12 billion, multiple sources told ESPN.Kushner and Iger were involved in the expansion process in Las Vegas, but a stunning turn, they pivoted to make an Ramona Shelburne (@ramonashelburne) August 12, 2026This story will be updated.