The Los Angeles Lakers were sold for a record $12.5 billion to Joshua Kushner and Bob Iger, with the agreement announced on August 12. The sale requires a multi-step vetting process by the NBA, overseen by a finance committee, which may extend into 2027. The Board of Governors will vote on the ownership transfer, needing 75% approval, with the first meeting scheduled for September. Following approval, formalities will finalize the ownership transition.
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Lakers sold for $12.5 billion Next steps following the sale
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