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Lakers Sold To Josh Kushner And Bob Iger For A Record $12.5 Billion, Sources Tell ESPN
['Patrick Jordan']
International Business Times Australia
LOS ANGELES — The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for $12.5 billion, a record price for a professional sports franchise, multiple sources told ESPN, marking the second change in controlling ownership for the storied NBA team in less than a year.
In a joint statement, Kushner and Iger described the opportunity as a career milestone.
"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.
"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."
Kushner and Iger are each expected to invest individually as well, with Kushner serving as the franchise's control owner, according to a person familiar with the arrangement.