Lakers being sold for second time in a year

LOS ANGELES (AP): The Los Angeles Lakers are being sold for the second time in a year, with businessmen Josh Kushner and Bob Iger set to acquire the franchise for a record-breaking price. The sale agreement is worth US$12.5 billion, according to a person familiar with the terms, who spoke to The Associated Press on condition of anonymity yesterday because neither side disclosed specific details of the latest dramatic development involving one of North America’s marquee sports teams.