Bob Iger, Josh Kushner Are Buying the LA Lakers

Summary

Bloomberg's Randall Williams reports that Josh Kushner and Bob Iger are buying the Los Angeles Lakers from Mark Walter for more than $12 billion, a record NBA transaction. The discussion covers Kushner's prior basketball investments, Mark Walter's short ownership tenure and possible Dodgers implications, and what the record valuation means for other NBA owners and expansion fees.

• Josh Kushner and Bob Iger are teaming up to buy the Los Angeles Lakers for over $12 billion.
• Mark Walter is selling the Lakers less than two years after buying them.
• The deal sets a new high mark for NBA franchise valuations.
• Higher franchise values could benefit other NBA owners and raise expansion fees.
• The NBA is currently reviewing expansion with PJT Partners as advisor.
• Randall Williams raises the unconfirmed question of whether Mark Walter might sell the Dodgers.