Lakers sold for record $12.5 billion

The sale, reportedly agreed within days, values the Lakers at more than double any previous NBA franchise sale.

Iger and Kushner plan to 'Dodgerize' the franchise, applying lessons from their success with the Dodgers.

The deal caps a billionaire rush into sports ownership and raises questions about the future of team governance.

Mark Walter will remain involved in some capacity, but the new owners will take control.