Mark Walter sells Lakers to Bob Iger and Josh Kushner for $12.5B

Mark Walter is selling the Los Angeles Lakers to Bob Iger and Josh Kushner for a reported price of $12.5 billion. Walter, who has owned the team for less than a year, initially purchased it at a valuation of $10 billion. This sale comes after significant changes within the organization, including executive moves from the Los Angeles Dodgers and the departure of star player LeBron James. Iger and Kushner expressed their honor at becoming stewards of the iconic franchise and committed to competing at a high level moving forward.

• 4:11 PMYahoo Sports — LA Lakers to be sold in record $12.5bn deal
• 4:11 PMBBC Sport — LA Lakers to be sold in record $12.5bn deal
• 3:20 PMYahoo Sports — Mark Walter Selling Lakers for $12.5B in Stunning Move