The Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
BELLINGS Intelligence Score: 12
Why it matters
A $12.5 billion sale of a sports franchise is a large private transaction but does not materially affect credit markets, underwriting standards, or systemic credit conditions relevant to sophisticated credit professionals.