Bob Iger Buys L.A. Lakers In Big Bucks Post-Disney Slam Dunk

Bob Iger and Josh Kushner's Thrive Capital have purchased the Los Angeles Lakers for a record-breaking $12.5 billion. This acquisition marks a significant milestone in the sports franchise market, as it is one of the highest prices ever paid for a sports team. The deal has been confirmed by multiple sources, including Deadline and ESPN, highlighting the magnitude of the transaction in the context of professional sports ownership. Bob Iger, the former CEO of Disney, expressed his excitement about the purchase, stating that as lifelong NBA fans, he and Kushner are honored to become stewards of the Lakers. The Lakers are one of the most storied franchises in NBA history, with a rich legacy and a large fan base. This acquisition not only reflects Iger's personal passion for basketball but also his strategic investment in a high-profile sports team. The sale of the Lakers to Iger and Kushner has garnered attention across various media outlets, including ESPN and The Boston Globe, which reported on the transaction's significance. The deal underscores the increasing financial value of sports franchises and the competitive landscape for ownership in major league sports. As the new owners, Iger and Kushner will take on the responsibility of managing a franchise that has a long-standing history of success and a commitment to excellence in the NBA. Overall, the purchase of the Los Angeles Lakers by Bob Iger and Josh Kushner represents a landmark moment in sports ownership, characterized by its unprecedented financial scale and the involvement of high-profile investors in the NBA.