Oftentimes, when a professional sports franchise is on the path to being sold, it signals changes up and down the organization. Mark Walter made some significant changes to the front office when he purchased the Los Angeles Lakers, and now more changes could be coming with the sale of the team to Bob Iger and Josh Kushner.
The Los Angeles Lakers are heading into another major transition, and this time the uncertainty extends beyond the ownership group. Following the franchise’s record-setting sale to Josh Kushner and Bob Iger, questions are already emerging about who will remain in charge of basketball operations.
The Los Angeles Lakers made headlines this week when it was reported that — for the second time in less than 18 months — the franchise is being sold. Mark Walter bought a majority stake in the team last year for a $10 billion valuation, and is now selling his shares to Bob Iger and Josh Kushner at a $12.5 billion valuation.
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The reported Lakers sale would value the entire franchise at $12.5 billion and transfer Mark Walter’s controlling interest to a group led by Josh Kushner and Bob Iger.
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This era of NBA basketball features plenty of player movement, with superstars like LeBron James and Kevin Durant changing teams multiple times over their career. Sometimes, it's the bosses who keep changing, as Luka Doncic discovered again this week.
One knock-on effect from the unexpected sale of the Los Angeles Lakers is what it could mean for the Los Angeles Dodgers.
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