Kushner and Iger Buy Lakers for $12.5B | California News

Joshua Kushner and Bob Iger are reportedly buying the Los Angeles Lakers for a record $12.5 billion, bypassing years of NBA expansion waits and setting a new benchmark for sports franchise valuations. Kushner, a seasoned sports investor, teams up with Iger, Disney’s former CEO and entertainment titan, to revive the Lakers’ legacy. The deal comes after current owner Mark Walter, who led the team for just 10 months, sold quickly amid federal tax fraud scrutiny. The NBA Board still must approve the sale, and fans await Jeanie Buss’s future role under the new ownership. Together, Kushner and Iger vow to compete at the highest level for LA and its passionate fanbase. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ffcd5934a6db479e