How Bob Iger Snatched the Lakers in a Shocking $12.5 Billion Deal
One of the crown jewels of professional sports is tied to a tale that cuts between the worlds of politics, business, entertainment and sports The post How Bob Iger Snatched the Lakers in a Shocking $12.5 Billion Deal appeared first on TheWrap .
Bob Iger and Josh Kushner surprised the world by acquiring a majority stake in the Los Angeles Lakers, valuing the franchise at $12.5 billion on Wednesday. This marked their second major purchase of an NBA team in a single year, following their initial interest in the Las Vegas expansion team. The deal comes after a year of uncertainty for the Lakers, which had been owned by the Buss family since 1979.
Iger, stepping down from Disney, and Kushner, brother of Jared, acted as stewards of the Lakers, promising to uphold the team's legacy and compete at the highest level. The transaction requires NBA Board of Governors approval, with a vote scheduled for September in New York.
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