Kushner and Iger Eye Lakers Deal | UK News

Josh Kushner and Bob Iger are reportedly set to buy the Los Angeles Lakers for over $12.5 billion — a record-breaking deal for any U.S. sports team — just one year after Mark Walter acquired a majority stake for $10 billion. The NBA board must still approve the sale, with a vote expected in September. Kushner and Iger praised the honor of stewarding the storied franchise and pledging to uphold its legacy. Walter, who called his tenure “an extraordinary investment,” thanked the Buss family and fans, reaffirming his belief in the Lakers’ future despite stepping aside. Notably, Walter also owns the Dodgers and Chelsea FC and is currently under federal investigation for alleged tax fraud — which he denies. With 17 championships and enduring global appeal even post-LeBron, the Lakers’ massive valuation underscores the NBA’s booming franchise market. 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/c611dd9e47e6c86e