Last summer, I shared my views (see here) on the then-record sale of the NBA’s Los Angeles Lakers for $10 billion. I’d read the biography of Jack Kent Cooke, a publishing and cable entrepreneur who owned the franchise before the Buss family, so I was interested in the transaction. Jack bought the team for $5.17 million in 1965 and sold it, another team, and real estate to Jerry Buss for $67 million in 1979. Forty-six years later (last year), the Buss family sold the Lakers to finance entrepreneur Mark Walter for $10 billion.

Today I learned that the Lakers are being sold again, this time for $12.5 billion to former Disney CEO Bob Iger and venture capitalist Josh Kushner (see here). That’s over $2 billion more than Walter paid roughly a year ago.

It’s interesting that a storied franchise like the Lakers didn’t change hands for decades and then went through two ownership changes in about a year. I doubt this will become the norm for professional sports teams, but I’m curious about whether we’ll see any reaction from other team owners, players, or fans.