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The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.

Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.

The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.

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