The alleged reason Mark Walter made $12.5 billion Los Angeles Lakers deal ‘in just 72 hours’ revealed
The NBA world is still coming to terms with the announcement that owner Mark Walter is selling the Lakers for $12. 5 billion.
Mark Walter, the owner of the Los Angeles Lakers, is selling the franchise for an astounding $12.5 billion. However, the surprising speed at which this deal came together, just 72 hours after being announced, has left fans and analysts puzzled. According to a report by Joe Pompliano on X, the driving force behind Walter's decision to sell the Lakers may be linked to his ongoing federal investigation.
Pompliano writes that Walter is reportedly in talks with investors to raise money to pay down loans he is being investigated for. This financial pressure could explain why Walter decided to sell the team for a profit of over $2.5 billion within less than two years of acquiring it.
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- Bob Iger, Josh Kushner to buy Lakers for $12.5 billion, ESPN reports sports.yahoo.com
- Josh Kushner and Bob Iger to buy Lakers for record $12.5 billion japantimes.co.jp
