Bob Iger and Josh Kushner in $12.5bn deal for Lakers basketball franchise

In a significant sports deal, Bob Iger and Josh Kushner have acquired the Los Angeles Lakers basketball franchise for $12.5 billion, marking a quick exit for previous owner Guggenheim’s Mark Walter after just a year. The sale comes amid an ongoing US inquiry into Walter’s insurance empire, raising questions about the financial motivations behind the transaction. This acquisition not only reshapes the landscape of professional basketball but also highlights the complex interplay between sports ownership and regulatory scrutiny in the business world.