Mark Walter sold the Lakers to Bob Iger and Josh Kushner for $12.5 billion, less than a year after buying the team.

Mark Walter sold his majority shares of the Lakers to Bob Iger and Josh Kushner for $12.5 billion, yielding a $2.5 billion profit

The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year.

Josh Kushner is the younger brother of former Trump adviser Jared Kushner