Lakers owner Mark Walter and venture capitalist Josh Kushner have agreed on all remaining terms of the $12.5 billion sale, sources confirmed to the California Post.
Kushner told Walter he has raised the money to complete the deal, according to sources.
Walter and Kushner met at Walter’s home in Florida, according to sources, where the outstanding terms were agreed upon.
Walter sold the Lakers to Kushner and former Disney CEO Bob Iger in August, just 10 months after he officially purchased the team from the Buss family at $10 billion.
The sale will need approval from the NBA’s board of governors.
This story will be updated.
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