Trump's brother-in-law's brother to buy LA Lakers for record $12.5 billion

The Los Angeles Lakers, one of the most iconic franchises in professional sports, are poised for a change in ownership. Josh Kushner, a prominent investor and the brother of former White House advisor Jared Kushner, is reportedly leading a group to acquire the team.

This acquisition is set to shatter previous records, with the deal valued at an astonishing $12.5 billion. This figure surpasses the previous record of $10 billion paid by Mark Walter for the Lakers in October of last year, making it the most expensive purchase of a professional sports team in history, not just in the NBA but worldwide.

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As a lifelong NBA fan, it is a great honor to be able to lead one of the most iconic sports franchises in the world.

Kushner, the founder of Thrive Capital, is partnering with Bob Iger, the former CEO of The Walt Disney Company, for this landmark deal. In a joint statement, the pair expressed their profound honor in taking the helm of such a storied franchise. They pledged to foster a team that consistently competes for championships and remains deeply committed to the city of Los Angeles.

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We will make it a team that always competes for a championship and is dedicated to the city of Los Angeles.