Josh Kushner and Disney CEO Bob Iger to buy LA Lakers for £9 billion

Published Aug 12, 02:39 PM UTC

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Josh Kushner, a figure linked to Donald Trump and at the center of a FIFA sell-off controversy, is set to buy the NBA's Los Angeles Lakers from Chelsea co-owner Mark Walter in a £9 billion deal. Kushner's business partner is Disney CEO Bob Iger. Walter, who co-owns Chelsea and the LA Dodgers with Todd Boehly, purchased an 85% stake in the Lakers last year at a $10 billion valuation. The $12 billion valuation would make the Lakers more valuable than 29 NFL franchises and surpass the Golden State Warriors' $11 billion top NBA valuation. The sale requires NBA Board of Governors approval and comes amid a US probe into insurers owned by Walter over asset disclosure. Kushner and Iger had previously been involved in purchasing an NBA expansion franchise in Las Vegas.

Source

City AMWestern

Original headline: Trump-linked Kushner and Disney boss to buy £9bn LA Lakers from Chelsea co-owner

Original language: EN-GB

Part of this Story

Bob Iger and Josh Kushner Buy LA Lakers for Record $12.5 Billion

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People and interests

NBA Chelsea Disney