Joshua Kushner, husband of supermodel Karlie Kloss, and Bob Iger, former Disney CEO, confirmed they purchased the Los Angeles Lakers in a record-breaking $12 billion deal Aug. 12.

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