Los Angeles Lakers Sold to Former Disney CEO Bob Iger and Investor Joshua Kushner in Record $12.5 Billion Deal

The Los Angeles Lakers, one of the NBA's most successful franchises, have been sold to a group led by former Disney CEO Bob Iger and investor Joshua Kushner for a reported $12.5 billion. This transaction marks a record-breaking valuation for a North American sports franchise and comes approximately 14 months after billionaire Mark Walter acquired a controlling interest in the team for $10 billion. The sale is pending approval from the NBA's board of governors.