Lakers sold to Iger and Kushner

The ownership of the Los Angeles Lakers, one of the most prestigious teams in the NBA, plans to transfer to Bob Iger, the former CEO of Disney, and investor Joshua Kushner, in a deal valued at approximately $12.5 billion, setting a record for the purchase price of sports teams. This transaction comes about a year after billionaire Mark Walter approved a majority stake in the team valued at $10 billion, ending the family control of the Lakers that lasted for 46 years. The Lakers are among the most successful franchises in the league, having won 17 championships, and their roster has included stars like Kareem Abdul-Jabbar, Shaquille O’Neal, Kobe Bryant, and LeBron James, who recently moved to the Philadelphia 76ers. The sale is still subject to league board approval and may take several weeks to finalize.

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