Bob Iger, Josh Kushner Buy Los Angeles Lakers for NBA-Record Price: Report
Just last October, Mark Walter acquired a majority ownership stake in the Los Angeles Lakers from the Buss family.
In a shocking turn of events, the Los Angeles Lakers are set to be sold for a record-breaking price over $12 billion, according to multiple sources. The anticipated sale will see the team change hands to American businessman Josh Kushner and former Disney CEO Bob Iger. This news was reported by ESPN's Ramona Shelburne early Wednesday.
Shelburne initially reported that the agreement was valued at $12 billion, but later amended her statement to confirm the figure as $12.5 billion. Mark Walter, the current majority owner of the Lakers, expressed his gratitude for the opportunity to own the team, stating that it is "an extraordinary investment" and that he is "immensely proud" to be part of the Los Angeles community.
Former Disney CEO Bob Iger, who officially retired from his role in March, has been involved in the expansion process in Las Vegas. Kushner, on the other hand, is a venture capitalist leading Thrive Capital and Oscar Health. The Lakers' new owners are set to be confirmed in the coming weeks as the NBA Board of Governors reconvenes to approve the sale.
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