Lakers owners finalize sale terms at $12.5 billion valuation
Mark Walter and Josh Kushner agreed on final terms for the Los Angeles Lakers sale in Florida on Thursday.
Buying group completes deal details
Walter and Kushner met at a home in Florida to settle all outstanding transaction points. They plan to sign the formal agreement shortly after this meeting. The new ownership team includes former Disney CEO Bob Iger alongside the two founders.
NBA review process begins soon
The signed document will undergo a league review that examines financing and ownership structure. This evaluation generally takes some time before the transaction officially closes. Sources indicate Kushner has secured the necessary funds to complete the purchase.
Franchise value reaches record high
The finalized agreement values the franchise at $12.5 billion, setting a new sports history record. This price is significantly higher than the initial $10 billion offer made by Walter earlier this year.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- ESPN
- Hypebeast
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2 independent outlets. Headlines as published. Links open the original report.