Lakers Sold for Record $12.5 Billion Valuation

Bob Iger and Josh Kushner will purchase a controlling interest in the Los Angeles Lakers for a record valuation of $12.5 billion. This sale occurs just 14 months after Mark Walter acquired the team for $10 billion.

The transaction follows a recent trend in high-value sports team sales, as it comes shortly after a group led by Vinod Khosla agreed to buy the Seattle Seahawks for $9.612 billion. This sale set a new record for NFL franchises, highlighting the significant valuation of the Lakers in comparison.

Walter is reportedly under federal investigation for tax fraud, raising questions about the rapid sale of the team. The Lakers have now been sold twice in less than a year and a half for amounts exceeding any NFL team's sale price.