Mark Walter investigation explained: The timing of the Lakers' $12.5 billion sale can't be ignored

TRENDINGRussell Westbrook retiresReport: Lakers being sold for $12BCowboys, at $15.5B, top NFL valuationsNFL camp updates29 Days of Fantasy: CameoStory byJack BaerStaff writerThu, August 13, 2026 at 1:41 AM UTC·8 min readAbout Our AdsRecommended StoriesNick Wright: ‘Can’t ignore’ Mark Walter’s White House visit, fraud investigation in story of Lakers saleThe Los Angeles Lakers were sold this week for the second time in 14 months, as billionaire sports enthusiast Mark Walter re-sold the team for a reported $12.5 billion after buying it for $10 billion in June of last year. Walter, who was the subject of a federal investigation reported last month, is selling the…Awful Announcing“Lakers Belong to Los Angeles”: Mark Walter Breaks Silence After Shocking $12.5 Billion Lakers SaleThe Los Angeles