Josh Kushner and partner Bob Iger reached a deal this week to purchase control of the Los Angeles Lakers at a valuation of $12.5 billion

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