Lakers Sold for Record $12.5 Billion to Josh Kushner and Bob Iger

The Los Angeles Lakers are being sold for a record $12.5 billion to a group led by billionaire Josh Kushner and former Disney CEO Bob Iger, according to multiple reports. The deal comes less than a year after Mark Walter acquired a majority stake in the NBA franchise from the Buss family. The sale price shatters the previous record for a U.S. sports team, which the Lakers themselves set in their last transaction.