00:00Joshua Kushner and Bob Iger are buying the Los Angeles Lakers for a record-breaking price of
00:05$12.5 billion. As lifelong NBA fans, we are deeply honored for the opportunity to become
00:12stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world.
00:17That's what Iger and Kushner said in a statement. The two are no strangers to the sports world.
00:22Iger stepped down as head of Disney, the parent company of ESPN, earlier this year,
00:26but his association with sports goes back decades. He and his wife, Willow Bay, are the
00:30controlling owners of the National Women's Soccer League team, Angel City FC. And for Kushner,
00:35who is the brother of President Donald Trump's son-in-law, he had purchased steaks in the
00:40Memphis Grizzlies before selling that slice to acquire a piece of the Miami Heat. His aspirations
00:44to be the controlling owner of an NBA team went so far that he and Iger were interested in buying
00:49one of the potential NBA expansion teams in Las Vegas. Founded in 1947, the Los Angeles Lakers
00:55have been a powerhouse in the NBA, having made it to the finals 32 times and winning 17 championships.
01:01And if Lakers fans are wondering what to make of the change in ownership, a trusted voice in the
01:06sport weighed in with his support. Lakers fans, you couldn't have two better owners.
01:11Magic Johnson said that in a post on X.
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