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AP: Blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers
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WBAL Baltimore News
Summary The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year.
LOS ANGELES (AP) — The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year.
By buying the Lakers, Iger and Kushner simply don’t have to wait for that decision.
The $12.5 billion price tag is not only record-setting for U.S. pro sports but it continues a trend of NBA franchise values skyrocketing.
This record sale price comes just weeks after LeBron James, the league’s all-time leading scorer, left the Lakers after eight seasons to become a free agent.