Lakers reach $12.5 billion valuation with new sale

World 1 source 1 country 🔦 Under-reported 7m ago

The Los Angeles Lakers are reportedly nearing a change in ownership following an agreement by former Walt Disney CEO Bob Iger and investor Joshua Kushner to purchase the historic NBA franchise.

The transaction values the team at US$12,500 million, setting a new record valuation for a sports franchise sale within the league.