Iger and Kushner agree $12.5bn deal for Los Angeles Lakers
Bob Iger and Josh Kushner agreed a $12.5 billion deal to buy the Los Angeles Lakers from Mark Walter, who paid $10 billion for the franchise around fourteen months ago. The Financial Times said Walter is selling amid a United States inquiry into his insurance empire. Fortune called the price a record.
Why it matters
A 21% mark-up in little over a year signals that team valuations remain detached from operating revenue.
Sources
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Part of the August 13, 2026 brief.