24 Hrs
Source:
Los Angeles Times
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Did Iger and Kushner overpay for Lakers
Josh Kushner and Bob Iger purchased the Los Angeles Lakers for a record $12.5 billion, surpassing previous sports franchise sale prices. The deal follows the team's sale from owner Mark Walter, who faced federal investigations into his financial empire and needed to sell quickly. Experts are divided on whether the high price reflects the team's true value or if they overpaid, but the investment is seen by some as justified due to media revenues and franchise scarcity. The sale also highlights the increasing value of legacy sports teams amid rising valuation of NBA franchises.
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