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Los Angeles Lakers to be sold for record $12 billion FAST-MOVING
An investment group led by Josh Kushner and former Disney CEO Bob Iger has reached an agreement to purchase the Los Angeles Lakers for more than $12 billion. If approved by the NBA, the deal would set a record as the highest price ever paid for a North American sports franchise.
The sale comes less than a year after Mark Walter acquired a controlling interest in the team from the Buss family. Walter, whose firm Guggenheim Investments is reportedly under investigation by the SEC and the U.S. Attorney’s Office in Manhattan regarding $16 billion in private-credit loans, will exit the franchise following the transaction.
Kushner, the founder of Thrive Capital, and Iger have expressed their commitment to the team and the city of Los Angeles. The deal marks a significant shift in ownership for one of the world’s most iconic sports brands.
Entities
Bob Iger · Josh Kushner · Los Angeles Lakers · Mark Walter · NBA
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The sale price for the franchise is more than $12 billion. forbes.cz · www.dailymail.com
- [● 2 SOURCES] The U.S. Attorney’s Office in Manhattan and the SEC are investigating Walter’s firm regarding $16 billion in loans. www.dailymail.com · www.hollywoodreporter.com
- [● 2 SOURCES] Josh Kushner leads the investment firm Thrive Capital. forbes.cz · www.hollywoodreporter.com
- [○ 1 SOURCE] The transaction would be the highest price ever paid for a North American sports club. forbes.cz
- [● 3 SOURCES] An investment group led by Josh Kushner and Bob Iger has agreed to purchase the Los Angeles Lakers. forbes.cz · www.dailymail.com · www.hollywoodreporter.com
- [○ 1 SOURCE] The sale is subject to approval by the NBA leadership. forbes.cz
- [● 2 SOURCES] Mark Walter is selling the team less than a year after acquiring a controlling interest. www.dailymail.com · www.hollywoodreporter.com
- [● 2 SOURCES] Bob Iger is the former CEO of Disney. www.dailymail.com · www.hollywoodreporter.com
- [● 2 SOURCES] Bob Iger previously served as the CEO of Disney. www.gazzetta.gr · www.ieidiseis.gr
- [● 3 SOURCES] Mark Walter is selling his majority stake in the Lakers to the new ownership group. www.gazzetta.gr · www.ieidiseis.gr · www.cnn.gr
- [● 4 SOURCES] Josh Kusner and Bob Iger are purchasing the Los Angeles Lakers in a deal valued at approximately $12 billion. www.gazzetta.gr · www.ieidiseis.gr · www.to10.gr · www.cnn.gr
- [● 2 SOURCES] The sale price represents a $2 billion increase from the $10 billion valuation when Mark Walter acquired the team last year. www.to10.gr · www.cnn.gr