Bob Iger's Lakers purchase fulfills sports ownership goal

Media executive Bob Iger and venture capitalist Joshua Kushner are purchasing the Los Angeles Lakers for approximately $12.5 billion, marking a significant achievement following Iger’s previous unsuccessful attempts to own a major sports franchise. The deal comes just 14 months after the Lakers were sold by the Buss family for $10 billion, and it shifts Iger’s focus from NBA expansion plans to acquiring one of the league's most storied teams. The purchase highlights Iger’s successful transition into sports ownership after long-standing ambitions and previous ventures in soccer and NFL stadium projects.

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