Las Vegas NBA expansion process loses interested party as Iger, Kushner group buys Lakers

Former Disney CEO Bob Iger and venture capitalist Joshua Kushner have purchased the Los Angeles Lakers for a record $12 billion. This acquisition follows Mark Walter's majority stake purchase from the Buss family last October for $10 billion. Consequently, the Iger and Kushner group has withdrawn from the Las Vegas NBA expansion process, where they were previously considered candidates to own a new team. The deal marks a significant shift in NBA franchise ownership and expansion interests.