Former Walt Disney CEO Bob Iger and businessman Josh Kushner are reported to have agreed to buy the Los Angeles Lakers in a record deal valued at $12.5 billion, according to multiple outlets citing unnamed or direct reporting sources. The purchase is described as the highest price ever paid for a sports franchise.

The Lakers are currently controlled by billionaire Mark Walter, who bought a controlling stake last year in a transaction that valued the team at $10 billion. Several reports say the new sale would mark a second major ownership transaction within roughly a year, with the prior purchase involving the Buss family. One report also cites that the reported $12.5 billion price exceeds previous records, including an earlier NFL benchmark.

Outlets broadly agree on the buyer pair (Iger and Kushner), the reported price ($12.5 billion), and the seller/previous owner (Mark Walter). Differences are mainly in emphasis and sourcing: some outlets describe the deal as confirmed or agreed, while others reference reporting from the Associated Press or earlier valuation details rather than new terms from either party.