What happened: The NBA Board of Governors unanimously approved Walter's purchase on Oct. 30, 2025. A reported deal with Josh Kushner and Bob Iger now values the franchise at more than $12 billion.
Why it matters: The rapid turnaround would shift control again before the 2026-27 season. The reported valuation is more than $2 billion above the 2025 figure.
By the numbers: Walter had been controlling owner for 286 days as of Aug. 12, 2026. The reported valuation increased by more than 20% from $10 billion.
What to watch: The proposed ownership transfer still faces formal NBA review and approval.