Lakers Sold for Record $12.5 Billion, Mark Walter Faces Over $1 Billion Tax Bill

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Finance

13 August 2026 at 7:10 pm

Lakers Sold for Record $12.5 Billion, Mark Walter Faces Over $1 Billion Tax Bill

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Summary

The Los Angeles Lakers were recently sold for a record $12.5 billion, but the seller, Mark Walter, faces a substantial capital gains tax bill that could exceed $1 billion.

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