Josh Kushner and Bob Iger reported to buy Los Angeles Lakers for more than $12 billion
ESPN and other outlets said the NBA team is changing hands in a record deal that would give the pair control of the Lakers.
Josh Kushner and Bob Iger are set to buy the Los Angeles Lakers for more than $12 billion, according to reports on Wednesday. The reported price would make it the most expensive sale of a sports team in history.
ESPN said multiple people familiar with the transaction described the Lakers as being sold to the two American businessmen. The outlet reported that the deal is still subject to the usual closing steps.
Mark Walter acquired a majority stake in the franchise last year in a transaction that valued the team at $10 billion. The NBA board of governors approved that purchase in October.
Kushner is a venture capitalist, while Iger is the former chief executive of Disney. The reported buyers said they were lifelong NBA fans and wanted to help the Lakers compete at the top level, according to Deadline.
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