Iger Brings Disney Magic to LA Lakers in Record-Breaking $12.5 Billion Deal
Bob Iger's takeover of the Los Angeles Lakers has left fans and media wondering if he can bring his Disney magic to the team. As a new co-owner, Iger brings with him an impressive Hollywood profile, making him one of the most significant owners in U.S. professional sports history.
The deal, valued at $12.5 billion, is a record for any NBA franchise and surpasses the previous valuation of around $10 billion set by Mark Walter just over a year ago. Iger's partner in this venture is Josh Kushner, co-owner of Thrive Capital, which has been investing in iconic franchises and cultural institutions.
Iger's background as Disney CEO gives him experience in running large-scale entertainment businesses. He acquired Marvel, Fox, Pixar, and Lucasfilm during his tenure and successfully expanded the company's theme park empire. The Lakers' new owner aims to leverage this expertise to improve the team's business and revenue streams.