All posts tagged "Lakers"

Rumors are swirling after Dodgers owner Mark Walter, under federal investigation for potential fraud, reportedly agreed to sell the Lakers to President Donald Trump's son-in-law's brother after a recent White House visit.

Walter reportedly sold his controlling stake to Jared Kushner's brother Josh and former Disney CEO Bob Iger for more than $12 billion just weeks after he visited the White House and only a year after the Buss family sold the storied franchise to Walter, multiple reports show. The agreement still requires approval from the NBA's board of governors before it becomes final, and Walter would remain the lead owner of the MLB's Dodgers, the WNBA's Los Angeles Sparks and other teams.

Walter's brief tenure has been overshadowed by legal scrutiny, as federal prosecutors, the FBI and the Securities and Exchange Commission have examined his financial firms over potential improprieties tied to insurance subsidiaries. Reports say the probe began with a whistleblower. ...

Los Angeles Lakers owner Jerry Buss, who has been in failing health for the past year, has been hospitalized in intensive care for cancer, the Los Angeles Times reported.

LOS ANGELES — The Los Angeles Lakers and the Gay and Lesbian Alliance Against Defamation (GLAAD) are planning to work together to eliminate the use of anti-gay language in basketball.