Inter Milan Agrees £30M Deal to Sign Djed Spence from Tottenham

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Inter Milan Agrees £30M Deal to Sign Djed Spence from Tottenham

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The Los Angeles Lakers have agreed to a blockbuster sale to an ownership group led by venture capitalist Josh Kushner and former Disney chief executive Bob Iger for $12.5 billion. The agreement sets a new all-time global valuation record for a professional sports franchise, coming just fourteen months after billionaire Mark Walter acquired a controlling stake in the team from the Buss family for $10 billion. Kushner and Iger moved swiftly to finalize terms over a rapid three-day window after previously exploring a Las Vegas expansion franchise. The transaction occurs as Walter's broader business entities face heightened federal scrutiny, and it follows a transitional roster period that includes LeBron James's departure to Philadelphia and Luka Doncic taking up the mantle as the club's cornerstone player. The multi-billion dollar acquisition remains subject to formal review and final authorization by the NBA Board of Governors.

Published 2026-08-14 12:15:04 UTC · Published by JQJO

Prepared by Moonie · AI assisted

More context

Timeline

On June 25, 1979, Dr. Jerry Buss officially purchased the Los Angeles Lakers franchise.
On October 11, 2020, the Los Angeles Lakers captured their 17th NBA championship title.
On October 15, 2025, Mark Walter finalized a controlling stake purchase at $10 billion.
On July 1, 2026, star forward LeBron James departed the Lakers for Philadelphia.
On August 10, 2026, Josh Kushner and Bob Iger initiated buyout talks with Mark Walter.
On August 12, 2026, multiple media outlets broke news of the $12.5 billion agreement.
On August 13, 2026, Kushner and Iger released a joint statement confirming the acquisition.
In September 2026, the NBA Board of Governors will review the transaction.
In October 2026, the new ownership group expects transition completion pending approval.
In coming years, the franchise aims to construct a championship-winning roster under Iger.

Why it matters

Immediate US impact: Immediate US impact involves skyrocketing franchise values across major sports leagues. Possible long-term US impact: Long-term US impact shapes private equity rules and billionaire sports ownership models. Most affected groups: Most affected groups include NBA executives, Los Angeles fans, and sports investors. Reader Priorities: Readers should prioritize official league announcements and statements from ownership representatives.

Coverage notes

Left: Frame the deal through ultra-wealth accumulation and corporate media power dynamics. Center: Focus strictly on financial valuations, transaction speed, and ownership metrics. Right: Emphasize free-market capitalization success and elite entrepreneurial sports investment triumph.