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ESPN reports Joshua Kushner and Bob ⁠Iger to buy Los Angeles Lakers for $12 billion

RE

Reuters

Published 6 hours ago

Joshua Kushner and Bob ⁠Iger are purchasing the Los Angeles Lakers for more than $12 ‌billion in a record-breaking deal, ESPN ‌reported on Wednesday, citing sources ‌with knowledge of the deal.

[p]Billionaire ‌Mark Walter purchased a majority stake ‌in the NBA team last year in a deal that ‌valued the club at $10 billion, ⁠with ‌the deal only having been approved by ​the board of governors in October.[/p][p]Reuters was not immediately ​able to reach the [a href="https://www.flashscore.ca/team/los-angeles-lakers/ngegZ8bg/"]Lakers[/a] for comment.[/p][embed guid="e32091ec-af97-41c1-9539-f57eefccb782" url="https://x.com/ramonashelburne/status/2087539809950797855" social-type="twitter" /][p]The news comes weeks ⁠after Kushner ​became a key figure in a private equity fracas that has engulfed global soccer governing body ‌FIFA, as it announced plans last month to create a subsidiary to run the World Cup.[/p][p]FIFA had planned to sell minority stakes at an equity valuation of $20 billion to Kushner's Thrive Capital, in a move that ‌sparked widespread outrage and imperiled ​FIFA President Gianni Infantino.[/p][p]Iger, the ‌former CEO of the Walt Disney Company, previously took a majority stake in NWSL side Angel City FC.[/p]

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