Los Angeles Lakers Reportedly Sold for Record $12.5 Billion

The iconic Los Angeles Lakers franchise is on the verge of a historic ownership change, with reports indicating that American businessmen Josh Kushner and Bob Iger are poised to acquire the NBA team for a staggering $12.5 billion. This valuation would set a new record for a professional sports franchise, underscoring the immense financial power within American professional sports.

Kushner, the founder of Thrive Capital and Oscar Health, brings a strong background in finance and investment. He also has indirect ties to the Trump family, as his brother is married to Ivanka Trump. Iger, the former CEO of Disney, adds significant experience in the entertainment industry and already has a stake in sports as the majority shareholder of Angel City FC, a team in the U.S. women's soccer league.

This impending sale marks the conclusion of a nearly half-century reign for the Buss family, who have been synonymous with the Lakers since acquiring the team in 1979. The transition of ownership had already begun, with billionaire Mark Walter, CEO of TWG Global, reportedly purchasing a majority stake last year in a deal valued at around $10 billion.

The new transaction, however, significantly raises the stakes, making the Lakers the centerpiece of one of the most spectacular deals in global sports history. This record-breaking figure, originating from the business side, adds another chapter to the franchise's legacy of setting benchmarks, both on and off the court.