Biggest U.S. sports team sales: How Lakers broke own record with new price of $12.5 billion originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
For the second time in two years, the NBA's most glamorous franchise is being sold.
ESPN reported Wednesday that the Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger. Mark Walter, the CEO of holding company TWG Global, has been the controlling owner of the Lakers since taking over the franchise from the Buss family in 2025.
While Walter purchased his control over the Lakers last year for an 11-figure amount, the team is now surpassing its own record in U.S. sports franchise valuation history.
Here's where the Lakers' sale will rank among the largest in professional U.S. sports history.
#sports #team #biggest
For the second time in two years, the NBA's most glamorous franchise is being sold.
ESPN reported Wednesday that the Los Angeles Lakers are being sold to American businessmen Josh Kushner and Bob Iger. Mark Walter, the CEO of holding company TWG Global, has been the controlling owner of the Lakers since taking over the franchise from the Buss family in 2025.
While Walter purchased his control over the Lakers last year for an 11-figure amount, the team is now surpassing its own record in U.S. sports franchise valuation history.
Here's where the Lakers' sale will rank among the largest in professional U.S. sports history.
#sports #team #biggest
5 days ago
