Los Angeles Lakers to be sold to Josh Kushner, Bob Iger for record $12.5 billion
Los Angeles: The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details. Get updated faster and for FREE: Download…
The Los Angeles Lakers are set to be sold to prominent figures Josh Kushner and Bob Iger for a staggering $12.5 billion, marking the most expensive sale in U.S. professional sports history, according to sources cited by The Associated Press. This monumental deal follows the recent sale of the Charlotte Hornets for $3 billion three years ago and the Boston Celtics for slightly over $6 billion last year, both records in their own right.
The Lakers, previously valued at $10 billion in the previous year, were purchased by Mark Walter from the Buss family. The acquisition by Kushner and Iger, who have also been exploring the possibility of an expansion team in Las Vegas, bypasses the need to wait for a potential expansion decision slated for the 2028-29 season. The transaction, still awaiting clearance from the NBA's board of governors, is expected to receive final approval at their upcoming meeting in New York next month.
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