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Bob Iger, Josh Kushner to buy Los Angeles Lakers for $12.5 billion; check key details of mega deal
['Anand Prince']
Mathrubhumi English
The Lakers are more than just a sports team; they are a massive global brand that consistently leads in shirt and merchandise sales around the world.
The Los Angeles Lakers, arguably the most famous name in American basketball, are changing hands in a deal that has stunned the sporting world.
Former Disney boss Bob Iger and businessman Joshua Kushner have agreed to purchase the team for a staggering $12.5 billion.
A Landmark Financial ShiftThis massive transaction comes only a year after the team was valued at $10 billion when billionaire Mark Walter took control.
Even the Boston Celtics, the Lakers' historic rivals, were valued at just over $6 billion during a sale last year.