The Los Angeles Lakers have been sold for $12.5 billion, marking a record-breaking transaction for an NBA franchise. The sale transfers ownership from Mark Walter to Josh Kushner and Bob Iger, who will take control of one of basketball’s most storied organizations.
The timing of the deal is particularly notable given Walter’s recent acquisition of the team. Having purchased the Lakers just 14 months prior, Walter’s relatively brief tenure as owner concludes with this significant financial transaction that sets a new benchmark for NBA valuations.
With Luka Dončić and the rest of the roster now under new ownership, the franchise aims to return to championship contention. The transition marks a fresh chapter for the Lakers organization as Kushner and Iger assume leadership responsibilities for a team seeking to recapture its winning tradition.
Originally reported by Cbssports →
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