The briefing
The Los Angeles Lakers are to be sold for a reported record $12.5 billion to investors Josh Kushner and Bob Iger, according to BBC News. The blockbuster deal, coming less than a year after a majority stake changed hands, would set a new benchmark in franchise valuations pending approvals.
Original headline
Los Angeles Lakers: NBA franchise to be sold in record $12.5bn deal to Josh Kushner and Bob Iger