Sources: Kushner, Iger to buy Lakers for $12.5B

MotosportNews newsroom brief · 2h ago · 1 min read · via espn.com

The Lakers are being sold to businessmen Josh Kushner and Bob Iger for $12.5 billion, a record-breaking price, multiple sources told ESPN.

The reported sale of the Los Angeles Lakers to Josh Kushner and Bob Iger for $12.5 billion is a staggering figure that puts the value of an NBA team on par with some of the biggest deals in professional sports. While this news may seem unrelated to the world of motorsports at first glance, it's worth noting that the increasing valuations of sports teams across various leagues can have a ripple effect on the business side of motorsports. As teams and leagues continue to grow in value, it could lead to more investment and increased competition for fans' attention.

The involvement of high-profile businessmen like Kushner and Iger also highlights the growing intersection of sports and entertainment. Iger, the former CEO of The Walt Disney Company, has extensive experience in building and managing global brands, which could bring a new level of expertise to the Lakers' management. Meanwhile, Kushner's background in private equity and entrepreneurship could help drive growth and innovation within the team. As the sports landscape continues to evolve, it's likely that we'll see more crossover between different industries and leagues.

So what to watch next? The NBA's growing popularity and increasing valuations could lead to more interest in other professional sports leagues, including motorsports. Keep an eye on how the sale of the Lakers impacts the NBA's business deals and whether it leads to increased investment in other sports properties. Additionally, motorsports fans may be interested to see if the influx of new ownership and investment in sports teams leads to more innovative marketing and branding efforts, potentially influencing the way motorsports teams and leagues approach their own business strategies.

Originally reported by espn.com. MotosportNews adds analysis for sports & fitness readers.

Originally reported by espn.com. MotosportNews curates and briefs the sports & fitness stories that matter. Our editorial policy →
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