Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion
Summary
The Los Angeles Lakers basketball team will be sold for $12.5 billion to Bob Iger, former Disney CEO, and Joshua Kushner, a venture capitalist. This is a record price in sports, coming about 14 months after the previous sale for $10 billion. The team’s new era will focus on star player Luka Doncic after LeBron James left.Key Facts
- Bob Iger and Joshua Kushner agreed to buy the Los Angeles Lakers for $12.5 billion.
- This sale sets a new record for professional sports team sales.
- Mark Walter, CEO of Guggenheim Partners, sold the team after buying it 14 months earlier for $10 billion.
- Jeanie Buss, former Lakers governor and daughter of Jerry Buss, may have an unclear role under new ownership.
- Bob Iger also owns the LA women’s soccer team Angel City FC.
- Joshua Kushner is the brother of Jared Kushner and son of U.S. Ambassador Charles Kushner.
- Luka Doncic is the Lakers’ new star player after being traded in February 2025.
- LeBron James left the Lakers and will finish his career with the Philadelphia 76ers.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
