Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Mark Walter reportedly flipped the Los Angeles Lakers in under a year, selling into a $12.5 billion valuation while facing scrutiny over his financial empire and after federal agents allegedly seized one of his phones. The buyer group includes Joshua Kushner, Jared Kushner’s brother, and Bob Iger, giving the deal a mix of Trumpworld proximity, media power, NBA money, and billionaire self-interest that deserves far more attention than it is getting. The league may move quickly because the price tag boosts every owner’s paper value, but the questions around access, investigations, and who benefits from this kind of no-bid sports empire shuffle are not going away. Ring of Fire's Josh G. explains.

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