LA Lakers to be sold to former Disney CEO and brother of Trump’s son-in-law in $12.5bn deal

The sale would mark a record-breaking valuation for a North American sports franchise

The sale comes barely a year after the team’s controlling stake was sold for $10 billion to Mark Walter, the billionaire CEO of Guggenheim Partners who also owns MLB’s Los Angeles Dodgers.

Josh Kushner and Bob Iger sealed a deal to buy the iconic franchise from billionaire financier Mark Walter, whose sprawling investment empire is under federal investigation.

Josh Kushner and Bob Iger sealed a deal to buy the iconic franchise from billionaire financier Mark Walter, whose sprawling investment empire is under federal investigation.

Bob Iger, the former chief executive of Disney, and Joshua Kushner, the younger brother of Jared Kushner, are moving to buy the Los Angeles Lakers basketball team for $12 billion. The NBA franchise was last bought by billionaire businessman Mark Walter for $10 billion last year. He now wishes to relinquish his majority

LA Lakers sell for a record $12 billion to ex-Disney CEO Iger and Jared Kushner’s brother Josh | CNN Business  CNN