Mark Walter, Josh Kushner agree on all Lakers sale

Lakers proprietor Mark Walter and Josh Kushner of Thrive Capital have agreed to the excellent phrases of the group’s sale, valued at an NBA-record $12.5 billion, according to a number of people with data of the scenario not approved to communicate publicly on the matter.

Kushner, a enterprise capitalist and the youthful brother of Jared Kushner, President Trump’s son-in-law, met at the Florida home of Walter, proprietor of the Dodgers and chief government of Guggenheim Partners, to finalize the phrases of the settlement, according to one individual.

The settlement between Walter and Kushner, which still wants to be signed, will need to be reviewed by the NBA. The league’s Board of Governors will then have to approve the sale before it turns into official.

It’s unclear if Walter has given Kushner a deadline to close the deal, but Kushner has assured Walter that he has the funds to full the transaction.

Bob Iger, Disney’s former chief government, is in partnership with Kushner on the deal.

Walter purchased a majority possession stake in the Lakers in 2025 from the Buss household, who had owned the Lakers for more than 4 many years, for an analysis of $10 billion. He agreed to promote the Lakers less than a yr after formally turning into the group proprietor.

Walter has been at the middle of a federal loan investigation. His holding company, TWG Global, is in talks with buyers to raise money to help pay down loans on the books of its insurers that had drawn scrutiny from the Justice Department, Bloomberg reported, citing nameless sources. He and Dodgers co-owner Todd Boehly offered their small stake in the English Premier League membership Chelsea last month, The Financial Times reported, and he reportedly is looking for to promote the WNBA’s Sparks.

In August, Dodgers president Stan Kasten said Walter is not going to promote the Dodgers, a stance reiterated in a assertion issued by Walter’s holdings company in September.