Mark Walter sold the Los Angeles Lakers to Bob Iger at a historic valuation on Wednesday, but Walter is expected to remain the owner of the Los Angeles Dodgers.

Mark Walter just did something he never does by flipping a major sports asset (the Lakers) in record time. But will it affect his ownership of the Dodgers?

Mark Walter was reported to be selling the Lakers for $12.5 billion on Wednesday.

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Los Angeles Dodgers owner and chairman Mark Walter made the news when he agreed to sell the Los Angeles Lakers. Walter, 66, agreed to sell the Lakers to Thrive Capital’s Joshua Kushner and ex-Disney CEO Bob Iger for $12.

The Los Angeles Dodgers were in the spotlight after their owner and chairman, Mark Walter, agreed to sell the Los Angeles Lakers. That led to speculation about his future with the team, as well as four-time MVP Shohei Ohtani’s.

Mark Walter, who also owns the Dodgers, has sold the Los Angeles Lakers, less than a year after purchasing the team.

Beyond the staggering 10 years and $700 million on Shohei Ohtani’s then-record contract with the Los Angeles Dodgers was a key-man clause that tied his future to that of owner Mark Walter and president of baseball operations Andrew Friedman.

Shohei Ohtani took a significant step to getting back on the mound prior to the Los Angeles Dodgers' 3-1 win over the Milwaukee Brewers on Friday.