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Former Disney CEO Bob Iger and Josh Kushner, the brother of US President Donald Trump’s son-in-law Jared, are purchasing the majority stake in one of the most recognizable sports clubs in the world. LA Lakers Set for Record $12.5bn Sale to Kushner and Iger In a deal that was unanimously authorized by the NBA Board of Governors in October 2025. Walter purchased his stake from the Buss family for an estimated $10 billion (£7.45 billion), setting a previous record. Kushner and Iger said: “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. “We greatly admire the vision and leadership of Jerry and Jeanie Buss. How Mark Walter Became Lakers Owner “Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.” In 1979, Jerry Buss purchased the Lakers for $67.5 million (£50 million), which also included the Los Angeles Kings hockey franchise and the Kia Forum, a Los Angeles arena. Before a contract was finalized with Walter, who also holds a part in the LA Dodgers alongside Todd Boehly, ownership was transferred to his six children in a trust upon his death in 2013. Lakers Have 17 NBA Championships “One of the greatest honors of my life has been owning the Los Angeles Lakers,” Walter remarked.The community, the supporters, and a city that views this team as family are what I will take with me, even if it has been an incredible investment. I appreciate being welcomed into this chapter by Jeanie Buss, the Buss family, the players, and the staff. Los Angeles owns the Lakers, and I’m confident that the greatest is still to come.” The LA Lakers have won 17 NBA titles, one fewer than the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal regarding Fifa head Gianni Infantino and an abandoned plan before the sale. How the Buss Family Owned the Lakers I am appreciative to Jeanie Buss, the Buss family, the players, and the staff for allowing me to be a part of this chapter. Los Angeles owns the Lakers, and I am confident that the greatest is still to come.” With 17 NBA titles, the LA Lakers are one behind the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal surrounding Fifa head Gianni Infantino and an abandoned attempt to sell private investors shares in the governing body’s competitions before the agreement. It was anticipated that the planned investor group for the Fifa Forward Enterprise (FFE) initiative would be led by Kushner’s American venture capital firm, Thrive Eternal. Luka Doncic Welcomes Lakers Takeover I am appreciative to Jeanie Buss, the Buss family, the players, and the staff for allowing me to be a part of this chapter. Los Angeles owns the Lakers, and I am confident that the greatest is still to come.” With 17 NBA titles, the LA Lakers are one behind the Boston Celtics’ record of 18. Kushner’s involvement in the recent scandal surrounding Fifa head Gianni Infantino and an abandoned attempt to sell private investors shares in the governing body’s competitions before the agreement. It was anticipated that the planned investor group for the Fifa Forward Enterprise (FFE) initiative would be led by Kushner’s American venture capital firm, Thrive Eternal.
BusinessSports

LA Lakers to be sold in record $12.5bn deal

Less than a year after Mark Walter acquired the bulk of the NBA team, the Los Angeles Lakers are set to be sold for an alleged record-breaking $12.5 billion, external…

According to our research, males are drawn to the possibility of financial gain more easily. Female investors "appear more likely to connect investing with real-life goals, from building emergency savings to looking after children," according to Jemma Slingo, pensions and investment specialist at Fidelity International. It's crucial to keep in mind that, due to the ongoing gender pay discrepancy, women in the UK often have less money to invest than men. Investing "needs to do a better job of making investing feel accessible, relevant, and connected to people's own goals and values," according to Macdonald.Women's long-term financial stability and the UK economy would both benefit from addressing this.
BusinessUnited States

“I made £8,000 when I started in my 20s”: Why women are frequently better investors than men

According to a recent research, women who invest their money receive somewhat greater long-term returns than males.However, according to a different study, just approximately 25% of women in the UK…

What Economists Are Saying
BusinessUnited States

Surprise fall in US jobs last month as slow summer continues

According to official data, the US economy is producing fewer jobs than anticipated, and the summer job market is doing worse than previously believed.Despite economists' predictions of growth, there was…

Rather, the company decided to redirect funds to produce "upstream conventional oil" in the Gulf of Mexico and to construct an LNG facility in Texas. Last month, the government terminated Duke Energy's offshore wind contract in the Carolina Long Bay region in return for a similar $129 million (£96 million) deal with the Charlotte-based business.
BusinessUnited States

Trump administration to pay German firm $1.2bn to halt US wind projects

After striking a $1.2 billion (£892 million) compensation agreement with President Donald Trump's Department of the Interior (DoI).German energy giant RWE has announced that it would withdraw its offshore wind…

EasyJet Staff Protected After Apollo Deal
BusinessTravel

EasyJet agrees to £5.7bn takeover by US firm

EasyJet Taken Over in £5.7bn Deal After a competing bidder withdrew, the US company Apollo consented to purchase the basic airline EasyJet for £5.7 billion.When US investment group Castlelake, which…

Air India New CEO
BusinessTravel

Air India’s new CEO faces financial and safety turbulence

Air India Appoints New CEO As the airline faces growing difficulties, including as significant financial losses and the aftermath of the tragedy that claimed 260 lives last year, Air India…

South Korea's Starbucks cup controversy has turned into a political issue after President Lee Jae Myung criticized the campaign.
BusinessCrime and Justice

Due to the “Tank Day” incident, police raid the Starbucks Korea headquarters.

Starbucks Korea Faces Police Raid Due to allegations of slander about a contentious advertising campaign. South Korean police visited Starbucks' national headquarters.In honor of the anniversary of the 1980 Gwangju…

The Chinese robot army transforming the UK's retail industry
BusinessTechnology

The Chinese robot army is revolutionizing retail in the United Kingdom.

How Warehouse Robots Work Every time you click "buy" on an online order, the chances are that your purchase starts getting processed within minutes.Increasingly, the journey starts with a squat…

Oil Prices Drop Sharply
BusinessEconomicsUnited States

Oil price dives as US and Iran pause attacks

Oil Prices Drop Sharply The price of oil has dropped dramatically on hopes that a pause in strikes between the United States and Iran will help to resolve the crisis.Brent…

SK Group Chairman Chey Tae Won faces a major divorce ruling while SK Hynix continues to benefit from the AI boom, strengthening the company's global position.
BusinessNews

Tech titan ordered to pay ex-wife $644m in divorce settlement

South Korea's Biggest Divorce Settlement A South Korean court ordered the head of business behemoth SK Group to pay his ex-wife 944 billion won (£483 million.  $644 million) in what…

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