Lakers Sale Basketball

FILE - Disney chief executive Bob Iger arrives at the 96th Academy Awards Oscar nominees luncheon on Feb. 12, 2024, in Beverly Hills, Calif.

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A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says

A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says

The Los Angeles Lakers are being sold for the second time in a year, going to businessmen Josh Kushner and Bob Iger for a record-breaking price. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details. ESPN first reported Wednesday that Kushner and Iger are buying the NBA’s most valuable franchise. The businessmen had been involved in trying to get an expansion team for Las Vegas. By buying the Lakers, Iger and Kushner simply don’t have to wait for that decision. Expansion might not take place until the 2028-29 season.