Inside Sport newsletter: Get an expert guide to the biggest moments shaping the world of sport Get our free Inside Sport newsletter Get our free Inside Sport newsletter Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy noticeBillionaire Mark Walter is reportedly selling the Los Angeles Lakers to former Disney CEO Bob Iger and businessman Josh Kushner for a record-breaking $12.5 billion, ESPN reported Wednesday. “Owning the Los Angeles Lakers has been one of the great honors of my life – an extraordinary investment, but what I will carry with me is the community, the fans, and a city that treats this team as family,” Walter, who purchased the franchise just last year, said in a statement to ESPN. “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.”