Billionaire Josh Kushner and former Disney CEO Bob Iger are set to buy the Lakers. This reported $12.5 billion deal would be the most expensive sports team sale ever. The transaction follows Mark Walter's acquisition of controlling interest last year. NBA Board of Governors approval is still required for the ownership change. Kushner and Iger aim to build on the team's established foundation.

The legacy NBA franchise was transferred from the Buss family last year at a $10 billion valuation.

The legacy NBA franchise was transferred from the Buss family last year at a $10 billion valuation.