Iger, Kushner Lead $12Bn Lakers Acquisition

Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12 billion, establishing a new record for a sports franchise acquisition. This deal follows Mark Walter's majority stake purchase last year, which valued the team at $10 billion. The transaction was approved by the board of governors in October.

Kushner and Iger conveyed their deep honor in becoming stewards of the Lakers, highlighting the team's iconic status. They stated their commitment to competing at the highest level and serving the team, its fans, and the city of Los Angeles. Mark Walter also expressed gratitude to the Buss family and fans, noting the community aspect of owning the team.