Former Disney CEO Bob Iger has joined an ownership group that purchased the Los Angeles Lakers for $12.5 billion. Iger, who once admitted he couldn’t root for the Lakers, now owns a piece of the franchise.
Background
In a 2021 podcast appearance, Iger explained that he couldn’t root for the Lakers due to his childhood loyalty to the New York Knicks. Instead, he adopted the Los Angeles Clippers as his team, citing the cheaper ticket prices as a factor.
The timing of the sale is notable, as the previous owner, Mark Walter, had purchased the team just 14 months prior for $10 billion. The rapid turnaround has raised questions about the motivations behind the sale.
Original reporting: Fox News (HLL/CB) — read the source article.
