The Lakers just landed a $12.5 billion deal with two surprising new owners
The Los Angeles Lakers have new owners again. The team announced it has been sold to Bob Iger and Josh Kushner Wednesday for a record-breaking $12.5 billion. The sale comes less than a year after American businessman Mark Walter purchased the franchise. Walter’s purchase at the time also broke records at $10 billion, acquiring the team from the Buss family. Walter also holds ownership stakes in…
The Los Angeles Lakers have acquired a new ownership group, led by Bob Iger and Josh Kushner, in a record-breaking deal valued at $12.5 billion. This purchase comes just a year after American businessman Mark Walter took control of the team for a previous record-breaking $10 billion. Walter also owns stakes in the Los Angeles Dodgers, Los Angeles Sparks, and Chelsea team.
Iger and Kushner expressed their admiration for the Lakers, stating their commitment to the team's legacy and future success. The two were reportedly exploring a franchise expansion to Las Vegas before ultimately purchasing Walter's controlling stake. The sale is currently awaiting approval from the NBA's board of governors, pending Walter's legal issues, as he faces an investigation by the Securities and Exchange Commission and U.S. prosecutors for tax fraud.
This marks Kushner's second attempt this year to acquire a major sports franchise, with a previous proposal to buy a stake in FIFA World Cup tournaments being withdrawn by FIFA president. Iger, along with his wife, are the controlling owners of NWSL's Angel City, while Kushner has minority stakes in the Miami Heat and Memphis Grizzlies.
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- Bob Iger and Josh Kushner are buying the Lakers for $12.5 billion businessinsider.com
