Inside the investigation into Mark Walter amid his sale of the Los Angeles Lakers
Summary
Billionaire Mark Walter is selling the Los Angeles Lakers basketball team for $12.5 billion, a record price, just 14 months after buying it. At the same time, Walter is under a federal investigation.Key Facts
- Mark Walter owns the Los Angeles Lakers basketball team.
- He is selling the team for $12.5 billion.
- This sale price is the highest ever for an NBA team.
- Walter bought the Lakers 14 months ago.
- He is currently being investigated by federal authorities.
- The investigation details have not been publicly shared.
- The news was reported by CBS News and The Athletic.
- The sale and investigation are happening at the same time.
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