Lakers' Record $12.5 Billion Sale Shakes Sports Ownership Landscape

The Los Angeles Lakers have agreed to a record-breaking $12.5 billion sale, shocking the NBA world and fans. The deal, which must be approved by the NBA's board of governors, was reportedly completed in just a weekend. The buyers are venture capitalist Josh Kushner and former Disney CEO Bob Iger, marking the second ownership change for the franchise in less than a year. Jeanie Buss is expected to remain as the team's governor, though her role may be affected by the new ownership structure.

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