Lakers Sold for $12.5 Billion to Kushner and Iger Group
The Los Angeles Lakers are set to be sold to an ownership group led by businessman Josh Kushner and Disney executive Bob Iger in a deal valued at $12.5 billion. Kushner and Iger confirmed the agreement on Wednesday, expressing their honor in taking over the iconic NBA franchise.
This sale comes just 12 months after Mark Walter purchased the Lakers for approximately $10 billion, during which he described owning the franchise as one of the great honors of his life. The Lakers, known for their 17 NBA championships, most recently won in 2020.
The sale indicates a new era for the Lakers, particularly following LeBron James' move to Philadelphia. Luka Doncic, who averaged 33.5 points per game last season, is anticipated to lead the franchise moving forward.
Josh Kushner, founder of Thrive Capital and a minority owner of the Miami Heat, will lead the consortium alongside Bob Iger, who has previously served as Disney CEO. The deal is pending NBA approval.
Plus234Feed summary based on reporting from Federal Character. Read the original report below.
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