Lakers sold at $12.5 billion valuation: NBA execs, agents react

Lakers sold at $12.5 billion valuation: NBA execs, agents react

Venture capitalist Josh Kushner and former Disney chief executive Bob Iger have agreed to acquire the Los Angeles Lakers from owner Mark Walter at a record $12.5 billion valuation, just months after Walter purchased controlling stakes in the NBA franchise. Ownership of the Los Angeles Lakers is changing hands once again in a stunning transaction … Read more

Lakers to be sold to Bob Iger, Joshua Kushner 1 year after Mark Walter bought team – The Athletic

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American businessmen Josh Kushner and Bob Iger have reached an agreement to purchase the Los Angeles Lakers from Mark Walter for $12.5 billion, according to reports. The transaction values the franchise at a record-setting figure, continuing a trend of soaring NBA valuations that previously saw the Boston Celtics sell at a valuation of just over … Read more