The Los Angeles Lakers are once again under new ownership. According to multiple reports, a group led by venture capitalist Josh Kushner and former Disney CEO Bob Iger has agreed to purchase a controlling interest in the Lakers for a reported $12.5 billion, setting a new record for the highest valuation ever paid for a professional sports franchise. The blockbuster transaction comes less than a year after Mark Walter acquired the franchise at a reported $10 billion valuation. The rapid increase in value underscores the continued explosion in NBA franchise…
Read MoreLakers Sold Again: Josh Kushner and Bob Iger Reach Record-Breaking $12.5 Billion Deal for NBA’s Crown Jewel
