The Los Angeles Lakers are set to change ownership once again.
According to journalist Ramona Shelburne, Mark Walter has reached a sale agreement for a record amount of $12.5 billion with entrepreneurs Josh Kushner and Bob Iger.
“As lifelong NBA fans, we are honored by the opportunity to become the new custodians of the Los Angeles Lakers, one of the world’s most iconic franchises. We have immense respect for the leadership and the vision that Jerry Buss and his daughter Jeanie have shown,” read the statement from Kushner and Iger.
The aforementioned Walter, CEO of the TWG Global company, had already acquired the Los Angeles franchise last year for a record sum of $10 billion from the Buss family.
Moreover, his business conglomerate holds stakes in other sports teams, such as the Los Angeles Dodgers, the Los Angeles Sparks, Chelsea, and in Formula 1 itself where they own the Cadillac F1 team.
“Being the owner of the Lakers has been one of the greatest honors of my life. An extraordinary investment. But what I value most is the community, the fans, and a city that treats this team like a family. I am grateful to Jeanie Buss, her family, the players, and all the staff for welcoming me into this new chapter. The Lakers belong to Los Angeles, and I am fully confident that the best is yet to come,” Walter said.
