sports
Bob Iger and Josh Kushner in $12.5bn deal for Lakers basketball franchise
Guggenheim’s Mark Walter sells team after just a year of ownership amid US inquiry into insurance empire
TL;DR
- Mark Walter is selling his team.
- He owned the team for just one year.
- The sale occurs during a US inquiry into Walter's insurance empire.
- A new ownership group is acquiring the team for $12.5 billion.