The Los Angeles Lakers are being sold to American businessman Josh Kushner and Bob Iger for a record breaking price over $12 billion, multiple sources told ESPN. Walter provided a statement to ESPN following Shelburne’s report calling his Lakers purchase an “extraordinary investment.” I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead.” The exact terms of Walter’s sale of the Lakers, including exactly how much of the team Kushner and Iger will own, are not yet known.