NBA’s Los Angeles Lakers to be sold for $12.5bn – Report

The Los Angeles Lakers — one of the most successful teams in NBA history — are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valuing the team at $12.5 billion, ESPN reported Wednesday.
The sale, which would mark a record-breaking price, comes only about a year after billionaire Mark Walter agreed to buy a controlling interest in the team in a then-record $10 billion deal.
Kushner is the brother of Jared Kushner, US President Donald Trump’s son-in-law.
Walter’s purchase, reported in June last year, ended the Buss family’s 46-year reign over the NBA giants.
The Lakers have won 17 NBA championships, second only to the Boston Celtics.
The team has be...