The Lakers deal adds to a web of sports investments spanning the NBA, MLB, NWSL, soccer, hockey, and motorsports.

One year after buying a controlling interest in the Los Angeles Lakers from the Buss family, team owner Mark Walter is now selling the historic NBA franchise.

Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12bn in a record-breaking deal, ESPN reported on Wednesday

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