Lakers Poised for Historic ÂŁ9bn Sale
The Los Angeles Lakers, one of the most storied franchises in professional basketball, are on the verge of being transferred to a new ownership group in a transaction that would set a new benchmark for sports team valuations. The deal, reported to be worth approximately $12.5 billion (about £9.25 billion), would see venture‑capitalist Josh Kushner acquire the club. Kushner, who recently made head…
Aug. 12, 2026, 3:32 p.m.