Story thread · 142 reports / 93 sources

Lakers sold to Joshua Kushner and Bob Iger for $12.5 billion in record deal

nbcdfw.com · 6h · first reportShare

The Los Angeles Lakers were sold to Joshua Kushner and Bob Iger, the businessmen confirmed to NBC News on Wednesday. An agreement was reached to purchase the Lakers for a record $12.5 billion, ESPN reported . “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” a statement read. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles,” the statement continued. Walter purchased the Lakers from the Buss family last year for a then-record franchise valuation of approximately $10 billion. He still owns the Los Angeles Dodgers and Los Angeles Sparks. Kushner, 41, founded venture capital firm Thrive Capital. He’s the brother of Jared Kushner, the son-in-law of President Donald Trump. He attempted t