Lakers sold for record-breaking $12.5 billion: Josh Kushner, Bob Iger buying NBA franchise from Mark Walter

The Los Angeles Lakers NBA franchise is being sold for a record-breaking $12.5 billion to Josh Kushner and Bob Iger, marking the highest price ever paid for a sports team. The sale comes just 14 months after current owner Mark Walter acquired the franchise. The new ownership group will take over a team featuring Luka Dončić as they aim to return to championship contention.