Lakers Sold for $12B to Kushner and Iger

The Los Angeles Lakers have been sold to Josh Kushner and Bob Iger for $12 billion, just 18 months after a $10B sale. The deal signals insane asset inflation and private equity's deepening grip on premier franchises. A new deep dive into Mark Walter's controversial history with insurance funds and sports acquisitions exposes the NBA's oversight failure and potential systemic risk.