Lakers sell again for record $12.5 billion valuation

The Los Angeles Lakers have been sold for a record $12.5 billion to Bob Iger and Josh Kushner. This transaction occurs just 14 months after Mark Walter purchased the team at a valuation of $10 billion. Iger and Kushner had previously shown interest in acquiring an NBA expansion franchise in Las Vegas. Walter is currently under federal investigation for tax fraud, raising questions about the rapid sale. The sale surpasses recent NFL team sales, highlighting the elevated valuation of the Lakers compared to other franchises.

• 3:16 PMYahoo Sports — Lakers sell (again) at a record valuation of $12.5 billion