Who Is Behind Major Sports Deals

Reports indicate that the Los Angeles Lakers, one of the most famous NBA basketball teams, are set to be sold for $12.5 billion to American billionaire businessman Josh Kushner and former Disney CEO Bob Iger, making it the most expensive sports transaction in history. The current owner of the team, Mark Walter, previously bought his stake and has had control since October 2023, valuing the team at over $10 billion. The sale now awaits approval from the league's board of directors. The buyers aim to build upon the team's legacy and invest in it, while Walter faces federal investigations related to allegations of tax fraud connected to companies he controls.

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