A notable transaction is underway in the sports world, with implications for the NBA. Josh Kushner, who is related to Jared Kushner, is part of a buying group for the Los Angeles Lakers.

The purchase price is reportedly $12 billion, a record-breaking amount. The seller is Mark Walter, who had previously acquired the team from the Buss family.

Further details on this transaction can be found in the Galveston County Daily News, including information on the buying group, which also includes Bob Iger.