23 Hrs
Source:
Los Angeles Times
Lakers deal: Walter's decision opens door for Iger, Kushner
Bob Iger and Joshua Kushner are set to purchase the Los Angeles Lakers from owner Mark Walter for $12.5 billion, marking the most expensive sports franchise sale in history. The deal was finalized quickly, with the sale awaiting NBA approval, and comes amidst federal investigations into Walter’s business dealings. Iger, a longtime NBA fan and former Disney CEO, expressed excitement about owning the iconic team, while Walter, facing regulatory probes, decided to sell after a short 14-month ownership period.
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