Venture capitalist Josh Kushner and Los Angeles Lakers owner Mark Walter have reached an agreement on all remaining conditions regarding the $12.5 billion transaction, insiders verified to the California Post. Kushner informed Walter that he secured the required capital to finalize the agreement, based on reports from sources. Los Angeles Dodgers owner Mark Walter concluded the agreement for the Los Angeles team at his residence in Florida.
Los Angeles Lakers $12.5B Sale To Josh Kushner Finalized
Los Angeles Lakers owner Mark Walter and venture capitalist Josh Kushner finalized the $12.5 billion team sale at a Florida home.
Key takeaways
- Mark Walter and Josh Kushner agreed on all remaining terms of a $12.5 billion sale.
- Josh Kushner informed Mark Walter that he raised the money to complete the deal.
- The sale was finalized at Mark Walter's home in Florida.
Why it matters
The $12.5 billion sale transfers ownership of the Los Angeles Lakers from Mark Walter to Josh Kushner.
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