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Lakers Sold for Record $12.5B | Jamaica News
Description
The Lakers just hit a record-breaking $12.5 billion sale, the largest ever for a U.S. sports franchise, as venture capitalist Josh Kushner and former Disney CEO Bob Iger take over from Mark Walter—who sold just 10 months after buying the team. With federal scrutiny possibly behind Walter’s exit, the NBA must approve the deal, which could reshape franchise valuations. Kushner, already an NBA investor via the Heat and Grizzlies, and Iger, known for entertainment and soccer ownership, bypass expansion plans by snapping up the Lakers—just as Jeanie Buss faces a major leadership shift after LeBron’s departure.
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