Billionaires' Bidding War: What's Brewing in LA? Josh Kushner and Bob Iger have made a record breaking bid of $12. 5 billion to purchase the Los Angeles Lakers from Mark Walter.
This deal marks a new era for the franchise, but also raises questions about the growing influence of private equity in professional sports.
The sale price is staggering – nearly 25% higher than the previous record set by Walter himself just last year.