On August 12, 2026, ten months after he finalized the $10 billion deal to acquire the franchise from the hallowed and chaotic Buss family, Mark Walter sold the Los Angeles Lakers to a group led by Josh Kushner and Bob Iger at a valuation of just over $12 billion. His tenure at the helm is the shortest since the merger, by a factor of at least three: only Ted Stepien, who was possibly the most batshit decision-maker ever to own an NBA team, gets even close, and he lasted three years. This is without a doubt the most shocking sale of a franchise in my 25 years on this planet, and I’d guess that it’s probably the most shocking one anyone…
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