Iger and Kushner to Acquire Lakers for $12.5 Billion
The Los Angeles Lakers are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valued at $12.5 billion, as reported by ESPN. This sale would set a new record, coming just a year after billionaire Mark Walter's agreement to buy a controlling interest in the team for $10 billion, which was previously a record.
The Lakers, known for their 17 NBA championships, have featured legendary players such as Kareem Abdul-Jabbar, Shaquille O’Neal, and Kobe Bryant. Recently, LeBron James, the NBA all-time scoring leader, left the Lakers to join the Philadelphia 76ers after an eight-year tenure that included one championship win.
The transaction is pending approval from the NBA’s board of governors, a process that may take several weeks.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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