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Lakers Sold for Record £9.3B as Billionaire Owner Mark Walter Faces Deepening US Federal Probe
['Asher Añiga']
RSS
The sports world was left completely stunned as media, technology, and finance titans finalised an unprecedented agreement to acquire the historic NBA franchise for a staggering £9.3 billion ($12 billion).
The Los Angeles Lakers have been sold to Josh Kushner and former Disney CEO Bob Iger for a record-breaking amount.
Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.'
The $12 billion figure towers over previous benchmarks.
US Federal Probe Shadows Mark Walter BusinessWhile the sporting implications are vast, attention is also turning to the seller's external business dealings.