Bob Iger and Josh Kushner Purchase Los Angeles Lakers for Record $12.5 Billion
In a historic move, the Los Angeles Lakers have been sold to former Disney CEO Bob Iger and billionaire Josh Kushner for a staggering $12.5 billion, marking the highest valuation ever for an NBA franchise. The sale comes just months after Mark Walter acquired majority ownership and is reportedly linked to a federal investigation involving Walter. LeBron James is set to leave the Lakers after an impressive eight-season tenure, while Luka Doncic has expressed his surprise at the new ownership. This blockbuster deal not only impacts the Lakers but also raises questions about the future of other franchises and expansion, especially in Seattle.
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