Trump relative to buy Lakers with $12.5B
Reports indicate that Joshua Kushner, brother-in-law of U.S. President Trump, and former Disney CEO Bob Iger are planning to purchase the Los Angeles Lakers basketball team for a record-setting amount of up to $12.5 billion, making it the most valuable deal in the history of sports franchises. This surpasses last year's deal, which was valued at approximately $10 billion. The deal still requires approval from the league's board of directors and completion of financial due diligence, but it is expected that Iger and Kushner's ownership will strengthen the team and propel it toward reclaiming championships, according to statements from involved parties and Lakers legend Magic Johnson.
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