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

The Los Angeles Lakers have been sold for a record $12.5 billion to a group led by former Disney CEO Bob Iger and investor Josh Kushner, according to multiple reports. The deal ends Mark Walter's ownership of the team after less than a year, marking the second time the franchise has changed hands in 14 months. This sale surpasses all previous sports franchise transactions, continuing a trend of record-setting team sales in recent years.