Los Angeles Lakers Sold to Bob Iger and Joshua Kushner

The Los Angeles Lakers are being sold to Bob Iger and Joshua Kushner, just 14 months after Mark Walter acquired the team for a record $10 billion. The new deal reportedly values the Lakers at over $12 billion.

Iger, the former CEO of Disney, and Kushner, who has a minority stake in the Miami Heat, expressed their honor in becoming stewards of the Lakers, emphasizing their commitment to the team and its fans. The sale is pending approval from the NBA's board of governors.

Walter, who also owns the Los Angeles Dodgers, described owning the Lakers as a significant honor and expressed gratitude towards the Buss family and the Lakers community. He highlighted the importance of the team to Los Angeles and expressed confidence in its future.