The Los Angeles Lakers are set to be acquired by Josh Kushner and Bob Iger, marking the second change in ownership in a year. The sale price, reportedly at a staggering $12.5 billion US, has not been officially disclosed but was confirmed by a source familiar with the deal. Last year, the Lakers were valued at $10 billion when Mark Walter acquired a controlling stake from the long-standing Buss family ownership.
Kushner and Iger, prominent figures in the business world, expressed their excitement in a joint statement about taking over the iconic Lakers franchise. The pair, known for their business acumen, have ambitious plans to continue the team’s legacy of success and engage with fans in Los Angeles.
The potential sale of the Lakers still requires approval from the NBA’s board of governors, a process that could span several weeks. If finalized, this acquisition would set a new benchmark for U.S. professional sports sales and propel NBA franchise valuations to unprecedented heights.
Magic Johnson, a revered figure in Lakers history, endorsed the new ownership duo, emphasizing their passion for the team and their potential to bring more championships to Los Angeles. The deal has garnered widespread attention and approval within the Lakers community.
The Lakers, a storied franchise with a rich history of success, have been a dominant force in the NBA. With a star-studded roster led by Luka Doncic, the team remains a top contender in the league. Doncic, expressing his commitment to the Lakers, is eager to contribute to the team’s future success under the new ownership.
Kushner, known for his ventures in sports ownership, and Iger, an accomplished entertainment executive, bring a wealth of experience to the table. Their acquisition of the Lakers reflects a strategic move in the sports industry landscape and signals a new chapter for the illustrious franchise.
The sale of the Lakers marks a significant shift in ownership dynamics, with potential implications for the team’s operations and future direction. As fans eagerly await the outcome of the NBA board’s decision, the prospect of new ownership has generated excitement and anticipation among basketball enthusiasts worldwide.