Joshua Kushner and Bob Iger, successful businessmen by any measure, paid $12.5 billion for the Lakers, easily the highest price ever for a sports franchise.
It was a rare chance to acquire an iconic sports brand, and by all accounts, timing was everything.
The enormous sale price has implications for the rest of the NBA and raises a basic question: Did Kushner and Iger get a great deal or did they overpay?
Business titan Mark Walter owned the NBA franchise for only a year. Federal regulators are investigating Walter’s financial empire, and he reportedly felt compelled to sell as he moves billions to help unravel undisclosed related-party loans…
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