Lakers fetch a record $12.5B sale to Kushner and Iger
TL;DR Summary
Mark Walter is selling the Los Angeles Lakers for a record $12.5 billion to Josh Kushner and Bob Iger, a $2.5 billion gain from his $10 billion purchase 14 months earlier; the sale must be approved by the NBA Board. The Buss family retains a 15% stake; Kushner has Miami Heat ties and discussed Las Vegas expansion; Iger is a longtime Disney executive. The deal comes amid federal investigations into Walter’s firms.
- Mark Walter selling Lakers for record $12.5 billion to Josh Kushner, Bob Iger NBC Sports
- Exclusive | Bob Iger reveals timing, intimate details of Lakers ‘extraordinary’ purchase New York Post
- Mark Walter investigation explained: The timing of the Lakers' $12.5 billion sale can't be ignored Yahoo Sports
- Sources: Josh Kushner, Bob Iger to buy Lakers for $12.5B espn.com
- New Lakers co-owner Joshua Kushner is a lifelong Democrat with deep interest in sports Los Angeles Times
Reading Insights
Total Reads
0
Unique Readers
4
Time Saved
5 min
vs 6 min read
Condensed
94%
1,126 → 72 words
Want the full story? Read the original article
Read on NBC Sports