Lakers Sold To Josh Kushner, Bob Iger For $12.5 Billion

Josh Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers for $12.5 billion, a record price for a sports franchise, multiple sources told ESPN. The pair had previously been involved in NBA expansion talks tied to Las Vegas before pivoting to pursue the Lakers from current owner Mark Walter. Walter had purchased a controlling stake in the Lakers from the Buss family last year for approximately $10 billion, itself a record valuation at the time. Kushner and Iger addressed the signi...