Former Disney CEO Bob Iger and venture capitalist Josh Kushner have agreed to purchase the Los Angeles Lakers in a record-breaking transaction valued at $12.5 billion. This acquisition represents a significant shift in ownership, as Mark Walter previously bought the team for approximately $10 billion just months earlier. The sale requires approval from the NBA board of governors, with the next meeting scheduled for next month in New York. Both buyers expressed deep respect for the franchise’s legacy and commitment to its fans and community. This purchase coincides with the anniversary of the NBA Experience at Walt Disney World, a joint venture between Disney and the NBA that ultimately failed. The article suggests this acquisition signals Bob Iger’s departure from Disney following his retirement, as he moves into new ventures outside the entertainment industry.
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