The Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year.
Walter, Walter, the CEO and chairman of diversified holding company TWG Global, has been the Lakers’ majority owner since last October when his bid was unanimously approved by the NBA Board of Governors.