# Los Angeles Lakers sold for record $12.5 billion — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/9261886667f50aa0

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-08-12 22:30 ingested 2026-08-13 07:23

[original source ↗](https://www.semafor.com/article/08/12/2026/los-angeles-lakers-sold-for-record-125-billion)

## retained text



```
Former Disney chief Bob Iger and investor Josh Kushner are buying the NBA’s Los Angeles Lakers for a record-setting $12.5 billion, just 14 months after the team sold for $10 billion.
Valuations for professional sports franchises have soared to eye-popping levels, as billionaires search for a dwindling number of trophy assets: Last month, the estate of late Microsoft co-founder Paul Allen sold the Seattle Seahawks to venture capitalist Vinod Khosla for nearly $10 billion. And the co-founder of Chinese tech company Xiaomi bought a 1% stake in the Miami Dolphins in a deal that valued the team at $12.5 billion, more than a decade after Time Warner’s former CEO bought it for $1 billion.
```



document fetched 2026-08-13 07:23 · canonical https://semafor.com/article/08/12/2026/los-angeles-lakers-sold-for-record-125-billion