Lakers Sold for $12B Record

The Los Angeles Lakers are being sold for a record $12 billion, the highest ever for a North American sports franchise, to businessman Joshua Kushner and former Disney CEO Robert Iger. The sale comes less than two years after Mark Walter purchased the team from the Buss Family. The franchise, owned by the Buss family since 1979, remains under the leadership of Jeanie Buss, with the new owners expressing their long-term commitment to the team and its fans.

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