The sale comes barely a year after the team’s controlling stake was sold for $10 billion to Mark Walter, the billionaire CEO of Guggenheim Partners who also owns MLB’s Los Angeles Dodgers.

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.

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.