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Cyprus Mail12 Aug 2026

Basketball-Iger, Kushner purchasing Lakers for record $12.5 billion

Basketball-Iger, Kushner purchasing Lakers for record $12.5 billion

Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.

Billionaire Mark Walter purchased a majority stake in the NBA team last year in a deal that valued the club at $10 billion, with the deal only having been approved by the board of governors in October....

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