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Los Angeles Lakers to be sold to Bob Iger, Josh Kushner
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For the second time in about a year, the Los Angeles Lakers will be sold to new ownership.
"As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Iger and Kushner said in a joint statement.
(Photo by XNY/Star Max/GC Images) XNY/Star MaxThe stunning deal comes about 14 months after Walter purchased a majority stake in the team for about $10 billion, a then-record fee, from the Buss family.
Before last year's sale to Walter, the previous record was last year's $6.1 billion sale of the Lakers' rival Boston Celtics.
The Lakers' sale comes as the NBA seeks ownership bids for expansion franchises in Seattle and Las Vegas.