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Major NBA shakeup: Los Angeles Lakers sold for $12.5 BILLION to group led by Josh Kushner and Bob Iger
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amNewYork
The Los Angeles Lakers have been sold for the second time in the past year.
Josh Kushner and Bob Iger have bought the iconic basketball franchise from Mark Walter for $12.5 billion per ESPN’s Ramona Shelburne.
Kushner and Iger were both part of a group trying to bring an NBA team to Las Vegas but have now switched course.
“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.
Walter has significant investments across the professional sports world, including stakes in the Los Angeles Dodgers, Los Angeles Sparks, the Professional Women’s Hockey League, Chelsea FC and more.