Los Angeles Lakers to be Sold to Bob Iger and Joshua Kushner

What's Happening? The Los Angeles Lakers are set to be sold to Bob Iger, former Disney CEO, and Joshua Kushner, marking a significant change in ownership. The sale comes just 14 months after Mark Walter purchased the team for a record $10 billion. The new deal values the Lakers at over $12 billion.

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What is the story about?

What's Happening?

The Los Angeles Lakers are set to be sold to Bob Iger, former Disney CEO, and Joshua Kushner, marking a significant change in ownership. The sale comes just 14 months after Mark Walter purchased the team for a record $10 billion. The new deal values the Lakers at

over $12 billion. Iger and Kushner have expressed their commitment to building on the legacy of the Buss family, who have been long-time stewards of the franchise. The sale is pending approval from the NBA's board of governors.

Why It's Important?

The sale of the Lakers to Iger and Kushner represents a major shift in the ownership landscape of one of the NBA's most iconic franchises. The transaction underscores the increasing valuations of professional sports teams and the growing interest from high-profile investors. For the Lakers, this change could bring new strategic directions and investments, potentially impacting team performance and fan engagement. The involvement of prominent figures like Iger and Kushner also highlights the intersection of sports, business, and entertainment industries.