NewzMark Walter, owner of the Los Angeles Lakers, has reached an agreement to sell the franchise to businessmen Josh Kushner and Bob Iger for 12 billion dollars, according to reports from ESPN citing multiple sources.
The transaction, announced on a Wednesday in Chicago, involves one of the most prominent teams in professional basketball being transferred to new ownership under Kushner and Iger for a record-level valuation of 12 billion dollars.
In-depth summary · AI, neutral