NBA's Lakers sold in $12.5 billion deal
The Los Angeles Lakers are being sold to former Disney executive Bob Iger and investor Joshua Kushner in a deal valuing the team at $12.5 billion, ESPN reported Wednesday.
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One of the most successful franchises in the history of the National Basketball Association (NBA), the Los Angeles Lakers, is changing ownership. According to a Wednesday report by ESPN, the team is being acquired by former Disney chief executive Bob Iger together with investor Joshua Kushner.
The deal values the Lakers at $12.5 billion, equivalent to roughly 10.8 billion euros. The figure places the transaction among the largest sales of a professional sports franchise in history.
The Lakers are one of the most recognizable and decorated teams in NBA history, associated with several legendary generations of players and numerous championship titles over the decades. The scale of the valuation reflects both the team's sporting legacy and its commercial standing within the American professional basketball market.
The incoming ownership group combines an experienced media executive with a well-known investor, suggesting continued attention to the franchise's development both on the court and as a business. Further details about the terms of the deal and its expected completion timeline have not yet been made public.
