“Former Walt Disney Company CEO Bob Iger and businessman Josh Kushner are purchasing the Los Angeles Lakers for $12.5 billion
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“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world
“Owning the Los Angeles Lakers has been one of the great honors of my life -- an extraordinary investment, but what I will carry with me is the community, the fans, and a city that treats this team as family
“We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles
“I am grateful to Jeanie Buss, the Buss family, the players, and the staff for welcoming me into this chapter. The Lakers belong to Los Angeles, and I have every confidence the best is still ahead.
“It's an increase from the White House's initial $200 million estimate, which they said would come from private donors.
“The ballroom is expected to cost around $600 million — with about half of that coming from taxpayer dollars, The Washington Post reported.
“James Murdoch just demonstrated that Rupert Murdoch sure was right to fight a protracted legal battle to prevent him from taking over the Wall Street Journal and Fox News:
“he would begin moving the company on Oct. 1 unless California Attorney General Rob Bonta opened settlement talks over the antitrust challenge to the merger