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Los Angeles Lakers to Be Sold for Record $12.5 Billion to Kushner and Iger
🇨🇭 Switzerland /Sports

Los Angeles Lakers to Be Sold for Record $12.5 Billion to Kushner and Iger

From Le Temps · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The Los Angeles Lakers basketball club is set for a record-breaking sale at $12.5 billion.
  • Joshua Kushner, brother of Donald Trump's son-in-law, and former Disney CEO Bob Iger are the prospective new owners.
  • The transaction requires NBA approval and marks the second ownership change for the Lakers in months.

The storied Los Angeles Lakers franchise is on the verge of a historic sale, with reports indicating a deal valued at a record $12.5 billion. Joshua Kushner, an entrepreneur and brother to Donald Trump's son-in-law, Jared Kushner, is leading the acquisition alongside former Disney chief Bob Iger.

This proposed sale, if approved by the NBA, would set a new benchmark for sports franchise valuations in North America. It follows a previous sale of the Lakers approximately one year ago to billionaire Mark Walter for $10 billion.

The Lakers, renowned for their 17 championship titles, have a legacy built by iconic players from Magic Johnson to Kobe Bryant. The team's 'purple and gold' colors are synonymous with basketball greatness. Unusually, the franchise is changing ownership for the second time in a matter of months, highlighting a dynamic period for the club.

The Buss family, who have managed the team for decades, are reportedly involved in this latest transaction, continuing a significant chapter in the Lakers' ownership history.

DistantNews Editorial

Originally published by Le Temps in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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