Topline
Billionaire investor Josh Kushner and former Disney CEO Bob Iger reached an agreement to buy the Los Angeles Lakers at a $12.5 billion valuation, a record-setting price tag for a U.S. sports franchise, according to multiple reports.
Key Facts
Kushner and Iger acquired a controlling ownership stake in the Lakers from Mark Walter, who purchased a controlling interest in the team from the Buss family last year at a $10 billion valuation, ESPN first reported , citing multiple sources.
A deal valuing the Lakers at $12.5 billion sets the record for the largest-ever cost of a U.S. sports franchise, beating out Walter’s purchase last year and…
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