Josh Kushner and Bob Iger to buy Lakers for record $12.5 billion
World1 source1 country🔦 Under-reported25m ago
Josh Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers NBA franchise for a record-breaking $12.5 billion. This transaction represents the highest sale price ever recorded for a sports franchise, surpassing the previous high set in July by the $9.6 billion sale of the NFL's Seattle Seahawks.
The record-shattering valuation follows a recent history of substantial ownership changes within the club. Billionaire Mark Walter had acquired a majority stake in the NBA team just last year in a deal that valued the organization at $10 billion, highlighting a rapid appreciation in the team's market value leading up to the current agreement.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Japan Times (JP)Focuses on the rapid year-over-year team valuation growth from Walter's previous purchase.
Japan Times (JP)Emphasizes the record-breaking sports franchise price compared to the NFL Seahawks sale.
Newz