A notable development has occurred in the ownership of the Los Angeles Lakers. Mark Walter purchased the team from the Buss family in June 2025 for $10 billion.

Recently, federal authorities have reportedly begun investigating Walter's business dealings. The probe is said to involve $16 billion in undisclosed loans tied to his empire, which was reported in July 2026.

Further details on this matter are available from the Galveston County Daily News, which has been following the story. The investigation is a significant event in the timeline of Walter's ownership of the Lakers, which began just over a year ago.