Los Angeles, Aug. 12 -- The NBA team Los Angeles Lakers are set to be sold to businessmen Josh Kushner and Bob Iger for a record-breaking $12.5 billion, reported ESPN.

If this deal happens, that would make the NBA franchise the most expensive sports team ever sold.

Kushner and Iger emerged as unexpected buyers after initially being involved in the process to secure an NBA expansion franchise in Las Vegas. They instead made an aggressive offer for the Lakers, who were acquired by Mark Walter from the Buss family last year at a valuation of approximately $10 billion.

"As lifelong NBA fans, we are deeply honoured for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world. We hav...