Sports
Los Angeles Lakers set for record $12.5bn sale to Bob Iger, Joshua Kushner
The Los Angeles Lakers are reportedly set to be sold to a group led by former Disney CEO Bob Iger and investor Joshua Kushner in a deal that values the NBA franchise at a record $12.5 billion, according to ESPN.
If completed, the transaction would become the most expensive sale involving a sports team, surpassing the previous valuation of $10 billion agreed by billionaire Mark Walter when he acquired a controlling stake in the Lakers about a year ago.
Kushner is the younger brother of Jared Kushner, who is married to Ivanka Trump, daughter of US President Donald Trump.
Walter’s purchase, reported in June last year, ended the Buss family’s 46-year reign over the NBA giants.
The Lakers have won 17 NBA championships, second only to the Boston Celtics.
The team has been home to some of the league’s biggest superstars including Kareem Abdul-Jabbar, Shaquille O’Neal and the late Kobe Bryant.
LeBron James, the NBA all-time scoring leader, just left the squad for the Philadelphia 76ers after spending eight years and winning one title with the Lakers.
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