Sport
Sources: Kushner, Iger to buy Lakers for $12B
Key Points
The Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN. The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year. Walter, Walter, the CEO and chairman of diversified holding company TWG...
The Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year.
Walter, Walter, the CEO and chairman of diversified holding company TWG Global, has been the Lakers' majority owner since last October when his bid was unanimously approved by the NBA Board of Governors.
Walter and TWG Global have interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, Premier League club Chelsea and the Professional Women's Hockey League. And through TWG Motorsports, Walter owns several auto racing teams, including Cadillac Formula 1.