The Los Angeles Lakers are changing hands again in a record-shattering $12.5 billion deal, the largest sale in professional sports history. Former Disney CEO Bob Iger and venture capitalist Josh Kushner, brother of Jared Kushner, have agreed to buy the storied franchise from current owner Mark Walter, just over a year after he purchased it for a then-record $10 billion. The new ownership group reportedly approached Walter directly just days ago, and the deal came together with surprising speed. Iger and Kushner said in a joint statement they were "deeply honored" to become stewards of one of basketball's most iconic franchises, pledging respect for the legacy built by the Buss family. Walter, who also owns the Los Angeles Dodgers, will keep his baseball team while stepping away from the 17-time NBA champion Lakers. Lakers legend Magic Johnson praised the new owners, telling fans they "couldn't have two better owners" to lead the team forward. Star player Luka DonΔiΔ also welcomed the change, saying he is excited to build something special with the new leadership. The sale still requires approval from the NBA's Board of Governors, expected to meet next month in New York. The blockbuster deal underscores the soaring value of marquee sports franchises in today's global market.
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