The Billionaire Bidding War for LA's Heart: Lakers Sold for Record Price The news that Josh Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers for $12.
5 billion has sent shockwaves through the sports world, with many wondering what drove Mark Walter to sell the team just a year after buying it for a record breaking $10 billion.
Walter's decision raises questions about the true value of the Lakers franchise and whether he underestimated its worth when he bought it.