What Lakers $12.5B bombshell sale means for NBA’s Las Vegas expansion team

Source: New York Post

The Los Angeles Lakers’ record-shattering sale may have revealed just how expensive the NBA’s long-awaited arrival in Las Vegas will be. Former Disney CEO Bob Iger and Thrive Capital founder Joshua Kushner agreed to purchase the Lakers from Mark Walter at a $12. 5 billion valuation on Wednesday, less than a year after Walter acquired control of the franchise at a $10 billion valuation.

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