Los Angeles Lakers owner Mark Walter is reportedly moving forward with the sale of the franchise to a group led by venture capitalist Joshua Kushner and former Disney CEO Bob Iger for a record $12.5 billion.
According to new reporting, the ownership group is seeking additional investors with a minimum commitment of $250 million each. The development challenges earlier claims of a multibillion-dollar financing shortfall.
The potential deal would mark one of the most expensive sports franchise transactions in history. Kushner, the brother of Jared Kushner, and Iger have been assembling the investment group as the sale process advances.
