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Los Angeles Lakers being sold to Josh Kushner and Bob Iger in deal worth a record-breaking $12.5 billion, AP source says

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Josh Kushner and Bob Iger are reportedly purchasing the Los Angeles Lakers for a whopping $12 billion, ESPN and The New York Times reported Wednesday, citing anonymous sources. LOS ANGELES (AP) — The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year. LOS ANGELES (AP) — Los Angeles Lakers being sold to Josh Kushner and Bob Iger in deal worth a record-breaking $12.5 billion, AP source says.

Mark Walter bought team last year for $10bnIger and Kushner aim to ‘compete at the highest level’Josh ⁠Kushner and Bob Iger ⁠are purchasing ⁠the ​Los Angeles Lakers for more ⁠than $12.5bn in a record-breaking ⁠deal, ESPN reported ​on ‌Wednesday, citing ‌sources with knowledge ‌of the deal.Billionaire Mark Walter purchased a majority stake of the ‌NBA team last year from the Buss family in a ​deal that valued the club at $10bn, with ⁠the deal only ​having ​been approved ​by the board ​of ‌governors ​in ​October.

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