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    Two smiling adults sit courtside at a basketball game, wearing Lakers lanyards and credentials.

    Barely 14 months after Mark Walter completed his record $10 billion purchase of a majority stake in the Los Angeles Lakers from the Buss family, the billionaire financier is selling the franchise again. The buyers are former Disney CEO Bob Iger and venture capitalist Joshua Kushner, according to multiple reports. The deal values the Lakers at a staggering $12.5 billion — a $2.5 billion profit for Walter in roughly a year. Walter, who also controls the Los Angeles Dodgers and the WNBA’s Los Angeles Sparks, described the ownership as “one of the great honors of my life” and “an extraordinary

    The post Why Did Mark Walter Sell The Lakers So Quickly to Josh Kushner and Bob Iger first appeared on BlackSportsOnline.

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