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Josh Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers in a transaction valued at more than $12 billion, according to reporting by ESPN. The deal represents the highest price ever paid for an NBA franchise, surpassing previous ownership transfers in professional basketball.
The two businessmen will assume control of one of the league’s most storied and valuable franchises. The acquisition marks a significant shift in the team’s ownership structure and signals major investment in the organization’s future operations and competitive positioning.
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