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6 Things You Need to Know About the Shocking $12.5 Billion Lakers Sale

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CitrixNews Staff
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6 Things You Need to Know About the Shocking $12.5 Billion Lakers Sale
Aug 13, 2026 10:59am PT 6 Things You Need to Know About the Shocking $12.5 Billion Lakers Sale

By Jacob Feldman, Eben Novy-Williams, Kurt Badenhausen HOUSTON, TEXAS - MARCH 18: Luka Doncic #77 of the Los Angeles Lakers reacts against the Houston Rockets during the second half at Toyota Center on March 18, 2026 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Alex Slitz/Getty Images) Getty Images

Read this article on Variety’s sister website Sportico.

The record-breaking Los Angeles Lakers sale, announced Wednesday to a largely unsuspecting audience, is packed with intrigue. 

The seller, Mark Walter, is facing federal investigations across his business empire. The buyer, Joshua Kushner, is Trump family-adjacent, recently tried to invest in FIFA in what became a true international scandal and could soon become the youngest control owner in the NBA. The deal, which is still a long way from closing, has implications for the NBA’s potential multibillion-dollar sale of an expansion franchise 300 miles east of LA, the ownership future of baseball’s richest team and much more. 

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