REPORT: Mark Walter’s agreement with Jeanie Buss to be Lakers governor for at least 5 years will remain in place after Iger and Josh Kushner take over(via @khobi_price) pic.twitter.com/L8MJ82BTSr

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.

The Los Angeles Lakers have been sold for the second time in as many years with Josh Kushner and Bob Iger purchasing the franchise.

Josh Kushner and Disney CEO Bob Iger are buying Mark Walter's majority stake in the Los Angeles Lakers at a team valuation of $12.5 billion.