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The Independent UK

Sport

Erin Keller

Ex-Disney head Bob Iger partners with Josh Kushner to buy Los Angeles Lakers for a staggering $12.5 billion

Josh Kushner Bob Iger Disney Lakers Los Angeles Jeanie Buss Mark Walter ESPN the Los Angeles Lakers

Former Disney CEO Bob Iger (left) and venture capitalist Josh Kushner (right) are reportedly buying the Los Angeles Lakers for a record-breaking $12.5 billion - (Getty)

Billionaire Mark Walter is reportedly selling the Los Angeles Lakers to former Disney CEO Bob Iger and venture capitalist Josh Kushner for a record-breaking $12.5 billion.

"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 told ESPN in a statement Wednesday. "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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