India, Aug. 12 -- The Los Angeles Lakers are reportedly heading towards another major ownership transition, less than a year after Mark Walter took control of the NBA franchise. An investment group led by Josh Kushner and Bob Iger has agreed to acquire a controlling stake, according to reports. The proposed transaction values the Lakers at roughly $12.5 billion, setting a new benchmark for the highest valuation ever attached to a sports team. The development marks a dramatic rise from the Lakers' previous $10 billion valuation and could reshape the NBA franchise's ownership structure.

Josh Kushner And Bob Iger Set For Record Lakers Takeover

Kushner and Iger are reportedly heading the group that will purchase the controlling interest fro...