The Los Angeles Lakers are being sold again, with reports saying a group led by Josh Kushner and former Disney CEO Bob Iger has agreed to buy the NBA franchise for a record-breaking amount. Multiple outlets cite figures around $12.5 billion, including an Associated Press report and other coverage based on ESPN sourcing.

The team’s current owner group is led by Mark Walter, the CEO of Guggenheim Partners and TWG Global, which purchased a controlling stake from the Buss family last year. Several reports say the Lakers’ prior purchase price was about $10 billion, making the latest reported deal roughly double that valuation. Some outlets also note that Kushner and Iger were previously linked to bidding for an NBA expansion team in Las Vegas before pivoting to the Lakers.

While outlets largely agree on the buyers, the scale of the price, and the ownership change timeline, they vary slightly in phrasing—some describe the agreement as “more than $12 billion,” while others specify $12.5 billion or refer to the deal as breaking sports sale records. Specific deal terms are generally not fully disclosed in the reporting referenced.