Los Angeles Lakers being sold for blockbuster $12.5B deal to businessmen Kushner, Iger: reports

The Los Angeles Lakers have reportedly sold for a staggering $12.5 billion to businessmen Josh Kushner and Bob Iger, setting a new global record for sports franchise valuations. This blockbuster deal comes just a year after another high-profile sale, underscoring the immense value and global appeal of the NBA. The involvement of Kushner, son of former White House senior advisor Jared Kushner, and Bob Iger, former Disney CEO, highlights the intersection of sports, business, and media in today's market. This sale isn't just a financial milestone but also signals the increasing influence of high-profile businesspeople in sports ownership.