Report: Mark Walter looking to sell the Los Angeles Sparks

Mark Walter is seeking to sell the Los Angeles Sparks, a WNBA team, for over $700 million, according to a report by Bloomberg. This potential sale comes amid an ongoing federal investigation into Walter for alleged loan fraud. Walter previously acquired the Los Angeles Lakers from the Buss family for $10 billion in the previous year, but sold it to Josh Kushner and Bob Iger for $12.5 billion last August amidst the investigation.

He also recently sold his stake in Chelsea FC. Despite the controversy, Walter still maintains ownership of the Los Angeles Dodgers. Reports suggest that Kushner and Iger have not shown interest in acquiring the Sparks, but the team's practice facility is expected to be part of the sale. The Sparks have faced challenges this year, including the departure of General Manager Raegan Pebley, the trade of Kelsey Plum, Nneka Ogwumike's retirement, and Lynne Roberts' dismissal as head coach.

Despite these difficulties, the team honored Lisa Leslie's legacy with a statue at Star Plaza and named a player sanctuary in Ogwumike's memory at the team's facility. The future of the Los Angeles Sparks in the WNBA remains uncertain as potential buyers remain to be seen.