Former Disney CEO Bob Iger and businessman Josh Kushner have agreed to purchase the Los Angeles Lakers for $12.5 billion, the partners confirmed on Aug. 12.
The price tag sets a record for the National Basketball Association’s most valuable franchise, which was sold last year to billionaire Mark Walter for $10 billion.
“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Kushner and Iger told The Epoch Times via email.
“We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”…