Lakers to be sold to Bob Iger and Josh Kushner for $12 billion

Former Disney CEO Bob Iger and businessman Josh Kushner are purchasing the Los Angeles Lakers from Mark Walter for a record-breaking $12.5 billion. This transaction marks the highest sale price for a North American sports franchise in history, representing a 21% increase over the $10 billion Walter paid just fourteen months prior. The deal yields a $2.5 billion profit for Walter. The acquisition has drawn attention from figures like Luka Dončić and highlighted the owners' significant net worths.