Bob Iger, Josh Kushner Buy Los Angeles Lakers for NBA-Record Price: Report
Summary
The Los Angeles Lakers basketball team is being sold to businessman Josh Kushner and former Disney CEO Bob Iger for about $12.5 billion. This price is a new record for NBA team sales, surpassing the previous sale to Mark Walter earlier last year.Key Facts
- The NBA Board of Governors approved Mark Walter’s majority purchase of the Lakers last October for around $10 billion.
- The Lakers are now being sold again, this time to Josh Kushner and Bob Iger.
- The new sale price is about $12.5 billion, setting a record for NBA team sales.
- Mark Walter also owns the Los Angeles Dodgers (baseball) and the Los Angeles Sparks (women’s basketball).
- Bob Iger stepped down as Disney CEO in March 2024.
- Josh Kushner is a venture capitalist leading Thrive Capital and Oscar Health.
- Mark Walter expressed gratitude to the Lakers’ fans and city, emphasizing the team belongs to Los Angeles.
- The NBA Board of Governors must approve the sale.
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