Lakers Hit $12.5B Record Sale | California News

The Los Angeles Lakers are set to change hands for a jaw-dropping $12.5 billion — a record for American pro sports — with Josh Kushner and Bob Iger leading the deal. This follows a surge in NBA team valuations, from Jordan’s $3B Hornets to Boston’s $6B Celtics, and comes right after LeBron James’ surprise move to the 76ers. With 17 championships and global fame, the Lakers’ legacy is massive — and the NBA’s board must approve. Next month’s meeting in New York could cement this as the new benchmark for sports franchises. 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/66d546be2caa0e09