$12.5 billion. Let that sink in. The sale of the Los Angeles Lakers has reportedly been finalized, and that colossal figure just shattered the record for the biggest franchise sale in the history of sports.
The Terms Are Locked Down
ESPN’s Ramona Shelburne dropped the details, confirming that Lakers governor Mark Walter and Thrive Capital founder Josh Kushner have locked down “all outstanding terms of the sale of the team at a $12.5 billion valuation.” This isn’t just some casual handshake, folks. It is a massive, record-setting agreement that sets a new benchmark for team valuations everywhere. What is next for this blockbuster deal? The NBA still has to review the agreement once it is officially signed. So, it is not a done deal until the league gives its stamp of approval, but the terms themselves are reportedly all set.
A Historic Price Tag
This whole saga kicked off back on August 12 when Kushner and former Disney CEO Bob Iger first hammered out an initial deal with Walter. The $12.5 billion valuation was there from the jump, making it clear this was going to be a historic transaction. It was already pegged as the largest franchise sale in sports history, and now, that history is reportedly finalized. This kind of money reshapes how we even think about sports ownership.
Keep an eye on this one, because the league’s review is the next big step. More information and analysis are going to drop as this develops, but for now, that $12.5 billion price tag is the talk of the entire sports world.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Bleacher Report.
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