Josh Kushner and Bob Iger Close $12.5 Billion Deal for Los Angeles Lakers Franchise

Venture capitalist Josh Kushner and former Disney CEO Bob Iger are set to buy the Los Angeles Lakers for a record $12.5bn, according to sources familiar with the matter. The deal is expected to be finalized soon, although details remain scarce as the pair has kept their plans under wraps until now. This sale will mark a significant shift in ownership for the NBA team, which has been a prominent franchise in Los Angeles since its founding in 1947. Kushner and Iger's purchase price sets a new benchmark for sports teams sold at auction.