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Historic Sale of the Los Angeles Lakers

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The Los Angeles Lakers, a renowned NBA franchise, is undergoing another ownership change. Last year, the team set a record with a valuation of $10 billion, and this new sale values the Lakers at over $12 billion.

Mark Walter, who acquired the team 14 months ago, is now selling it to Bob Iger, former CEO of Disney, and Joshua Kushner, who has a minority stake in the Miami Heat. This information comes from an anonymous source that is not authorized to publicly discuss the sale.

In a statement, Iger and Kushner expressed their enthusiasm as fans of the NBA. They extended their respect to Jerry and Jeanie Buss, expressing their intent to build on their legacy, aiming to strengthen the team’s performance and serve the fans and Los Angeles city.

Walter referred to his tenure as an owner as one of the greatest honors in his life and an exceptional investment. He highlighted his gratitude towards the Buss family, players, staff, and the community that treats the team as family. Walter remains confident about the future success of the Lakers under Iger and Kushner’s stewardship.

This story will continue to be updated with more details as they become available.

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