00:00Imagine buying the Lakers for $10 billion and selling them for $12.5 billion just one year later.
00:08That's the stunning development coming out of Los Angeles.
00:12ESPN reports that businessman Josh Kushner and former Disney CEO Bob Iger are buying the Lakers from Mark Walter for
00:21a record-breaking $12.5 billion.
00:24Just last year, Walter took control of the franchise from the Buss family after the NBA approved the deal at
00:31a $10 billion valuation.
00:34But here's where things get interesting.
00:36Kushner and Iger had reportedly been involved in efforts to bring an NBA expansion team to Las Vegas.
00:43Instead, they made a move for one of basketball's most iconic franchises.
00:48Now, the deal still needs NBA approval and the exact ownership structure is still being finalized.
00:55If you want more stories like this, follow for updates and visit my shop through the link in my bio.
Comments