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Los Angeles Lakers sale terms finalized at $12.5 billion
Mark Walter and Josh Kushner have reached an agreement on all outstanding terms for the sale of the Los Angeles Lakers. The transaction is valued at $12.5 billion, a record for a professional sports franchise.
Walter and Kushner reportedly met at Walter’s home in Florida to finalize the deal. Kushner, the founder of Thrive Capital, is expected to serve as the primary owner alongside former Disney CEO Bob Iger, who is part of the purchasing group. Kushner has reportedly secured the necessary funds to complete the acquisition.
The sale follows a period of internal tension within the Buss family, as Jeanie Buss had previously challenged the legality of the vote to sell the remaining ownership stakes. Once the formal agreement is signed, the transaction will undergo a review process by the NBA. Final approval is required from the NBA Board of Governors.
Entities
Aaron Gordon · Bob Iger · Josh Kushner · Los Angeles Lakers · Mark Walter · NBA
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Kushner has reportedly raised the necessary funds to complete the sale. lakersnation.com · nypost.com
- [● 4 SOURCES] The sale requires approval from the NBA Board of Governors. lakersnation.com · bleacherreport.com · nypost.com · elnuevodiario.com.do
- [● 3 SOURCES] The $12.5 billion sale would be a record for a sports franchise. lakersnation.com · bleacherreport.com · elnuevodiario.com.do
- [● 2 SOURCES] Walter and Kushner met at Walter's home in Florida to finalize terms. lakersnation.com · nypost.com
- [● 4 SOURCES] Josh Kushner and Bob Iger are involved in the purchase. lakersnation.com · bleacherreport.com · nypost.com · elnuevodiario.com.do
- [● 5 SOURCES] Mark Walter and Josh Kushner agreed on all outstanding terms for the sale of the Los Angeles Lakers. lakersnation.com · bleacherreport.com · nypost.com · deportesdo.com · elnuevodiario.com.do
- [● 5 SOURCES] The sale valuation is set at $12.5 billion. lakersnation.com · bleacherreport.com · nypost.com · deportesdo.com · elnuevodiario.com.do