Josh Kushner and Bob Iger have purchased the Los Angeles Lakers for a record-breaking $12 billion, sources tell ESPN.
Kushner, the younger brother of President Donald Trump’s son-in-law Jared Kushner, and Iger, the former CEO of Disney, made the stunning offer to the team’s majority owner, Mark Walter, just a few months after he purchased a controlling interest in the team last October. It’s the highest price ever paid for an American sports team.
“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We have immense respect for the leadership and vision of Jerry and Jeanie Buss,” Kushner and Iger said in a statement. “Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”
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