Breaking: The Buss family has decided to sell its remaining 17.8% ownership stake in the Los Angeles Lakers to new majority owners Josh Kushner and Bob Iger, sources tell ESPN.ย
The Buss family trust -- composed of siblings Jeanie, Jim, Johnny, Janie, Joey and Jesse -- received majority votes to allow trustees to execute the sale. It required four of six votes to enact the tag-along provision of Mark Walter's sale to Kushner and Iger, which valued the Lakers at $12.5 billion.
The Los Angeles Lakers are being sold to American businessman Josh Kushner and Bob Iger for a record breaking price over $12 billion, multiple sources told ESPN.
Kushner and Iger were involved in the expansion process in Las Vegas, but a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team from the Buss family last year.
The Tampa Bay Rays are acquiring right-hander Freddy Peralta in a trade with the New York Mets, sources tell ESPN. Rays get their starter, who joins Drew Rasmussen, Shane McClanahan and Nick Martinez in one of the American League's best rotation. First on news was @WillSammon.
BREAKING: LeBron James is signing with the Philadelphia 76ers on a two-year, $8 million deal with a player option, Klutch Sports Group and Klutch CEO and Game Over show host Rich Paul tells ESPN.
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Just in: The Sacramento Kings are waiving DeMar DeRozan, making the six-time All-Star one of the top free agents, sources tell ESPN. The sides worked collaboratively on this resolution after exploring trade routes.