The Los Angeles Lakers, a storied NBA franchise, have been sold to former Disney CEO Bob Iger and investor Josh Kushner in a deal valued at $12.5 billion. The transaction, announced after months of speculation, marks the highest valuation for a North American sports team. The Lakers, one of the most successful franchises in NBA history, were purchased from billionaire Mark Walter, who had acquired control of the team less than a year ago.
The sale comes amid growing interest in the NBA’s expansion into Las Vegas. The high price tag highlights the financial stakes involved in bringing the league to the city. Iger, who previously struggled to support the Lakers as a fan, now owns a piece of the team he once admired from afar. Kushner, known for his investments in media and technology, joins Iger in this significant venture.
The deal underscores the Lakers’ enduring value and the league’s ambition to expand its footprint. The transaction is expected to reshape the team’s future, combining Iger’s media expertise with Kushner’s financial acumen. As the NBA moves forward with its Las Vegas plans, the Lakers’ sale sets a new benchmark for sports franchise valuations.
