The LA Lakers sold to Bob Iger, Josh Kushner for $12.5 billion
Bob Iger and Josh Kushner are set to purchase a controlling interest in the Los Angeles Lakers for $12.5 billion, a valuation that would be the highest for any professional sports franchise. The sale, which still requires NBA approval, comes just over a year after the current owner, Mark Walter, acquired the team for $10 billion. This rapid resale is unusual, particularly as Walter is reportedly under investigation by the FBI, DOJ, and SEC for potential fraud.
This unprecedented sale and its rapid timing raise questions about the financial health and motivations of the seller, while the involvement of prominent figures like Bob Iger signals a significant shift in sports franchise ownership and investment.
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