Lakers Reach Major Milestone in Historic $12.5 Billion Sale
The Lakers move closer to a record-breaking $12.5 billion ownership change as Mark Walter and Josh Kushner finalize sale terms.
The Los Angeles Lakers are on the verge of finalizing the most expensive franchise sale in the history of professional sports, with a reported price tag of $12.5 billion, as per ESPN's Ramona Shelburne. This milestone in the NBA's financial landscape was reached after current owner Mark Walter and businessman Josh Kushner finalized the terms of the pending $12.5 billion sale.
Kushner, previously associated with Disney and Thrive Capital, and former Disney CEO Bob Iger initially agreed to purchase the Lakers in August, following Walter's acquisition of the team in 2025. The new agreement signifies a significant $2.5 billion increase in the franchise's valuation within a year, underscoring the escalating financial prowess of professional sports teams.
The deal still needs to be officially signed and reviewed by the NBA, requiring board of governors approval for the transfer of ownership.
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