The Los Angeles Lakers sale, it’s finally, *finally* about to get done. After literally months of back-and-forth, with news about Josh Kushner and Bob Iger buying a majority stake emerging over two months ago, it looks like Kushner and Mark Walter have basically sealed the deal after a private meeting this week.
The “$12.5 Billion Question” Finally Answered
Man, there were some wild stories floating around that Kushner might not even have the cash to pull this off. Seriously, whispers in August talked about a potential $12 billion sale, but then it went silent for a couple of months. Not a peep! But ESPN just dropped the news that Kushner and Walter met up at Walter’s Florida pad on Thursday, and the vibe was totally positive. They’ve apparently locked down all the outstanding terms. We’re talking a massive $12.5 billion valuation for this thing. During that meeting, the report says Kushner straight up “assured” Walter he’s raised every single dollar needed to complete the sale. So yeah, the money’s there, supposedly.
What’s Next for This Mega-Deal
So, what’s the next step? A formal agreement is getting signed real soon, which is awesome for them. After that, though, the real fun begins: the NBA’s gotta review it. That means a deep dive into the financing, the ownership structure, the whole nine yards. That review could take some time, but hey, at least we know the main players are on the same page. Now we just wait to see how quickly the league ratifies this monster deal.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
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