A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says
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LOS ANGELES (AP) — 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.
ESPN first reported that Kushner and Iger are buying the NBA’s most valuable franchise, which was valued last year at $10 billion when Mark Walter purchased a controlling stake from the Buss family. The two businessmen had been involved in trying to get an expansion team for Las Vegas.
By buying the Lakers, Iger and Kushner simply don’t have to wait for that decision. Expansion, if it happens, could take place in the 2028-29 season.
