franchise

Mike Trout was practically beaming. He dropped the phrase “fresh start” four times in an interview that barely lasted five minutes.

The burden of the Angels’ failures has been disproportionately his to bear. He has insisted that his path to Cooperstown would run through Anaheim and only Anaheim. He has played 16 seasons for an owner that blessed him with half a billion dollars, treated his family like royalty and stranded him in position to conclude a star-spangled career without ever winning a postseason game.

On Tuesday, Trout learned that the Angels would have a new owner: Stan Kroenke. Trout got off the call, looked up Kroenke and has not stopped smiling since.

“What a track record,” Trout said. “Wherever he buys, he wins.”

Rams owner Stan Kroenke has agreed to purchase a majority stake of the Angels on Tuesday. The deal is pending regulatory review and MLB approval.

(Kyusung Gong / Associated Press)

The Rams. The Colorado Avalanche. The Denver Nuggets. Arsenal.

So what if the Angels have baseball’s longest playoff drought? They now have baseball’s richest owner, with a net worth valued by Forbes at $24 billion.

Kroenke bought a controlling share of the Angels at a valuation of $4 billion, a record for a major league team, with current owner Arte Moreno retaining a small stake, a source with knowledge of the deal not authorized to discuss it publicly told The Times. The sale includes the team-owned television and radio outlets, ABTV and AM 830. The deal is subject to customary closing conditions and MLB approval.

In 2009, ESPN put Moreno on the cover of its magazine, proclaiming the Angels delivered the best value of the then-122 teams in the NFL, NBA, NHL and Major League Baseball. In this decade, the experience had been so devalued by 12 consecutive losing seasons that resale tickets for Tuesday’s game against the mighty New York Yankees were available for $5, amid a season of fans regularly chanting “Sell the Team!”

“He’s aware of the chants,” Angels president Molly Jolly said. “He knows about them. At the end of the day, this is about having the right next owner more than it is about anything else.”

Jolly wouldn’t say whether Kroenke or Moreno initiated the negotiations. She did say the sale was not conducted through a formal bidding process, but proceeded through face-to-face discussions between Kroenke and Moreno.

“He has a traditional sense about him,” Jolly said. “To be able to sit down with another gentleman and have a conversation and talk about baseball and the franchise, that resonates for how he thinks and looks at things, rather than it being a complex conversation.

“I think that’s what was the ‘Why now?’ It was the right person having the right conversation with him.”

As far as she knew, Jolly said, the conversations had not started when she assumed the team presidency in April, but the possibility of a sale had “always stayed out there” after Moreno invited bids in 2022 and then decided not to sell.

In July, after joining the Angels as interim general manager, John Mozeliak said he had spoken with Moreno for hours and the topic of whether the owner might sell the team “never came up.” On Tuesday, Mozeliak acknowledged that, when he started his position, Moreno “had mentioned that this was a possibility.”

Fans at Angel Stadium hold up signs during a game against the Yankees Tuesday marking Stan Kroenke’s agreement to purchase the Angels from Arte Moreno.

(Mark J. Terrill / Ap Photo/mark J. Terrill)

The sale is not expected to be finalized until early next year. Kroenke has not done the usual due diligence that would precede a sale — meeting with team management and touring the stadium — and has not introduced himself to officials from the city of Anaheim. The city owns the stadium and surrounding parking lots, a 150-acre site that city officials would love to see Kroenke develop.

In the meantime, it’s business as usual for the Angels. Mozeliak, who ran the St. Louis Cardinals when the Rams played in St. Louis, said he never has met Kroenke. He did recall speaking with Kevin Demoff, who oversees all of Kroenke’s teams.

Mozeliak has no idea whether Kroenke might invite him to stay, but for now the plan of rebuilding the team and reorganizing the front office remains on course, in the interest of serving fans weary and frustrated after 12 consecutive losing seasons.

“We’ve been preaching change all along,” Mozeliak said. “Now they’re going to see even more.”

And, he noted, the Padres and Angels had sold at successive record prices for MLB teams, despite the prospect of a lockout and owners’ hopes for a new collective bargaining agreement with a salary cap intended in part to raise franchise values.

“A lot of people thought teams wouldn’t sell until there was a new CBA,” Mozeliak said. “Clearly, that prediction was wrong.”

In the clubhouse, no one was talking about that. Neto was talking about the call Trout made to “some of the Rams guys” for a scouting report on Kroenke.

“I reached out to one Rams player,” Trout said, smiling. “He exaggerates a little bit.”

Still, given the national attention given last winter to the air conditioning not working properly in an Angel Stadium weight room, Neto said the evaluation from the Rams’ locker room was glowing.

“The most important thing they said is, he just wants what’s important for us,” Neto said. “That’s to make the clubhouse better, in the sense of whatever we need, we get, whether that’s amenity-wise, speakers, whatever it is, he’ll make sure we get those.”

Trout was so enthusiastic that, when a reporter asked if he was excited about what the new vision might be, he answered before the reporter could finish asking the question.

“No doubt,” Trout said. “Obviously, when you’re frustrated the last — I don’t know how many years it’s been, but to hear the news like this, I’m super excited to have this change.”

For his part, Neto sounded ready to pitch Tarik Skubal on pitching for the Angels — or, at least, pitching Kroenke on the possibility of recruiting him in free agency.

“Who doesn’t want to be in Southern California?” Neto said. “The weather is beautiful here. We have the best fans, in my opinion. We have a beautiful stadium.

“Who wouldn’t want to be here and play in this organization, in this market? It would be a no-brainer.”

Trout said the ownership change “was needed” and said there was “a good vibe around the clubhouse,” but both he and Neto expressed appreciation for Moreno.

“Arte was very supportive of us, whatever the outside noise was,” Neto said.

“I’ve seen a lot of hate, a lot of love, a lot more hate. But, as a player who has played under him, it was a lot of love. He treated us well, and that’s all you can ask for as a player.”

Who’s house? Angels’ house!

To all you long-suffering Halos fans, light that baby up, because salvation is at hand.

His name is Stan Kroenke, and he’s Rams tough, and he’s just spent a record $4 billion to transform your slumbering baseball organization into something that dazzles like Matthew Stafford and dominates like Myles Garrett.

Kroenke, whose illustrious ownership of the Rams resulted in their move to Los Angeles, a $5.5-billion stadium, and a Super Bowl championship, has agreed to take control of the Angels’ carcass from Arte Moreno in the franchise’s best move since Darin Erstad caught that fly ball on Oct. 27, 2002.

Rams owner Stan Kroenke holds up the Lombardi Trophy after his team beat the Bengals to win the Super Bowl at SoFi Stadium in 2022.

(Wally Skalij/Los Angeles Times)

This is huge. This is landscape altering. This is like Southern California just added an expansion team led by one of the best owners in sports.

For the Angels, currently the second-worst team in baseball and on track to finish a league-worst 12th consecutive season out of the playoffs, this is downright life changing.

Kroenke builds. Kroenke spends. Kroenke wins.

The sale is not expected to close until early 2027, so change will come slowly, but buckle up, because a bumps-be-damned renovation is coming.

First, the Angels are getting a new stadium. Kroenke hasn’t confirmed it, but it’s surely happening. He’s a real estate guy at heart who loves turning empty lots into palaces and that’s what he’ll do in Anaheim.

You think SoFi is nice? Here’s guessing the new Angels stadium will be nicer, and surrounded by the sort of commercial baseball village sprouting up all over the major leagues. The stadium and its environs will offer everything the Dodgers can’t, and may just steal a few fans in the process.

Second, the Angels are getting new swashbuckling leadership. Don’t know who, but expect the new general manager to be the kind of leader who will boldly sacrifice the future to win now, because that’s what Kroenke does, he wins now. Think baseball’s version of Les Snead.

Third, the Angels are getting one of the game’s bright young managers. Don’t know who, but he will be a guy who’s big on analytics and even bigger on the human touch, and he’ll probably be very young and very anonymous and eventually very successful. Think baseball’s version of Sean McVay.

The overall theme of Kroenke’s leadership will be championship or bust. He hates finishing second, and has left no stone unturned in giving the Rams every opportunity to succeed.

When he brought the Rams back to Los Angeles in 2016, he gave the team all of 13 games before firing then-coach Jeff Fisher after going 4-9. Soon thereafter he made 30-year-old McVay the youngest coach in NFL history and they’ve since become arguably the most admired franchise in the NFL.

Kroenke wins both on the field and in the community. His entire operation, which also owns the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of MLS and Arsenal of the Premier League, is led by Kevin Demoff, a lifelong Angeleno who understands and works the local market as well as any sports executive ever. The community has become saturated with Rams, and the same will be happening with the Angels as they increase their reach into Los Angeles County, something Moreno tried but could never pull off.

The name will remain the Los Angeles Angels, not because Kroenke doesn’t like Anaheim, but because he knows his investment must expand out of Orange County to eventually reap rewards.

“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.”

Storied. Anchored. Exciting. Those are words you rarely heard about the Angels under Moreno, whose 23-year stewardship began with a cheer and ended with a whimper.

Angels owner Arte Moreno has agreed to sell the team to Rams owner Stan Kroenke.

(Sean M. Haffey / Getty Images)

Remember how, in his first news conference after buying the team from Disney, he lowered beer prices? He was fun, he was innovative and he was the first Latino majority owner in major American team sports. It was all so cool, and the team responded with five American League West titles and two appearances in the American League Championship Series.

But he eventually made some terrible free-agent decisions — bringing in Albert Pujols, Josh Hamilton and Vernon Wells — and slowly lost touch with a winning formula.

The last straw was four seasons ago when he refused to trade star Shohei Ohtani and eventually lost him to the Dodgers in a free-agent bidding war he reportedly could have won.

In the end, fans were chanting for him to get out and this columnist wrote that he should sell the team … to Stan Kroenke.

Somebody listened!

It’s a sweet marriage, a perfect match, an outcome that deserves to be accompanied by the words of the late, great Rory Markas.

“Just another Halo Victory!”

Is it ever.

Chris Hansen has not seen “Primetime,” the A24 film in which Robert Pattinson plays him, and he probably won’t anytime soon. He walked out of an Aug. 20 screening arranged for him at the studio’s Manhattan offices after refusing to sign a nondisclosure agreement, which he believed would prevent him from raising any legal objection to the way he is portrayed.

But Hansen’s company has purchased preshow advertising in theaters showing “Primetime,” which opens Sept. 25. The spots promote TruBlu, the subscription streaming platform where the former “Dateline NBC” correspondent presents his current sting operations under the title “Takedown.”

“It’s a movie that uses my name, image and likeness,” Hansen told The Times in a recent interview. “Why not direct people to what the real Chris Hansen is doing? Here’s where you can see it.”

Moviegoers, in other words, will be asked to have a seat twice.

The film revisits one of the most provocative and scrutinized franchises in the history of TV news. “To Catch a Predator,” which ran as a periodic “Dateline” investigation from 2004 to 2007, exposed men who used online chat rooms to solicit sex with minors. It accelerated the popularity of the true crime genre while raising lasting questions over journalistic ethics.

Directed by Lance Oppenheim in his narrative feature debut, “Primetime” is based on Luke Dittrich’s 2007 Esquire article “Tonight on Dateline, This Man Will Die,” about the suicide of a Texas prosecutor targeted by one of the stings. It premieres Sept. 5 at the Venice Film Festival.

Hansen, 66, is ready to ride the wave of notoriety the film is bound to generate. He is still pursuing online predators and a new generation of fans have found him on TruBlu, his YouTube page and on social media. “I’ve got to be the only 66-year-old man in America with 1.1 million TikTok followers,” he said.

Hansen first heard from A24 regarding “Primetime” when an executive reached out to him in late May to ask whether he would participate in promoting the film, according to emails obtained by The Times. Over the two months that followed, the journalist and his business partners repeatedly asked to see the film or a script before making any commitment. They also raised the possibility of compensation or a production credit, although Hansen said no formal request was made.

Hansen and his partners repeatedly raised concerns that he had never been contacted about the use of his name and likeness, even as a courtesy, before production was completed. The studio said it wasn’t necessary.

“Chris’s work was an important inspiration for ‘Primetime,’ which is a dramatized film inspired by true events,” according to an Aug. 8 email from A24. “While the film didn’t require individual consultation or permission during production, we’d love to have Chris’s support of the film to the extent he feels comfortable. If not, we certainly understand.”

An A24 representative declined to comment for this story. A person involved with the film who was not authorized to discuss the matter publicly said the nondisclosure agreement Hansen was asked to sign is standard for a movie screened ahead of release, so that viewers do not reveal plotlines or spoilers.

The trailer, released earlier in August, has generated buzz in media business circles for the appearance of Jeff Zucker, former NBCUniversal chief executive, who appears as himself in a small role as a ratings-hungry network executive. Pattinson’s Hansen is later seen in the trailer screaming, “I’ll be bigger than ‘Lost’!” in reference to the ABC hit.

Robert Pattinson in a scene from A24’s “Primetime.”

(Sinna Nasseri / A24)

Hansen said he is not looking for a payout from the filmmakers. But he would like a clearer statement that the film is fiction rather than “inspired by true events,” as it says in the trailer, and perhaps a financial contribution to organizations for victims of child predators.

“I want some recognition that they used my name, image, and likeness in a largely fictional story,” he said. “They used my name, my colleagues’ names and some family members. Based upon what I know about this, it’s an insult to the thousands of people who work diligently, often at great risk, every day to protect children from predators.”

The conflict is hardly the first involving a living celebrity objecting to a fictional depiction. But legal challenges are often futile.

“You don’t own your life story,” said Domenic Romano, managing partner at Romano Law. “If you’re a celebrity, the filmmaker doesn’t need your permission to dramatize it. Even if you’re alive and you don’t like how you’re being portrayed, the 1st Amendment gives broad protection.”

Actor Olivia de Havilland went to court in 2017 over the FX series “Feud: Bette & Joan,” claiming the portrayal of her as a vicious gossip damaged her reputation. The court ultimately ruled in FX’s favor.

Actor Daryl Hannah took a different route, publishing an opinion piece in the New York Times in March objecting to her depiction in FX’s “Love Story: John F. Kennedy Jr. & Carolyn Bessette.” Hannah, who dated Kennedy before he married Bessette, wrote: “In the weeks since the series aired, I have received many hostile and even threatening messages from viewers who seem to believe the portrayal is factual.”

“When entertainment borrows a real person’s name, it can permanently impact her reputation,” Hannah wrote.

The rise and fall of “To Catch a Predator” provides enough drama for a big-screen treatment.

During his run at NBC News, Hansen was an Emmy Award-winning correspondent delivering hidden-camera investigative stories on such topics as identity theft and sex trafficking. But his “Predator” franchise, which used online decoys in chat rooms to draw men seeking sex with minors into police stings turned him into a global sensation, albeit a polarizing one.

NBC News conducted the investigations with the help of a civilian watchdog group called Perverted-Justice and local police in the towns and cities where the stings were set up. The suspects arrested and convicted included a rabbi, a teacher and a doctor.

Decoys posing as young teens lured the men to sting locations, mostly set up at private homes in quiet communities. Hansen would then enter and confront the men with his signature line: “Have a seat.” After a chat with the correspondent (“You see how this looks, right?”), the men were arrested by local police, while a camera crew captured it all.

The tableau of Hansen going face-to-face with suspects seated in suburban kitchens became so familiar it was spoofed in a comedy sketch that opened the 2006 Emmy Awards.

“Predator” remained a giant hit until a November 2006 sting in Murphy, Texas, went awry. Bill Conradt, a Rockwell County assistant district attorney, had been exchanging online messages and photos with a decoy posing as a 13-year-old boy. Unlike other targets, he never came to the sting house. Police obtained warrants and a SWAT team came to his home with a “Dateline” crew in tow. He shot himself to death after law enforcement entered.

Conradt’s family sued NBC, which settled out of court. The incident sharpened the debate over Hansen’s tactics, and as the “Predator” franchise became more popular, he was criticized in journalism circles for collaborating with police and an outside group of private citizens in his investigative work.

There have been many accolades as well. Law enforcement organizations credited the program for shedding light on a new form of criminal activity in the then-emerging internet age. Over the years, Hansen has helped promote advocacy groups and legislation protecting the rights of sexual abuse victims.

“Dateline” continued producing “Predator” investigations for another year after Conradt‘s death, airing its final installment in December 2007 before NBC retired the franchise in early 2008. Hansen has long maintained that the show simply ran its course. The library of his episodes continued to air on cable news channel MSNBC, now called MS NOW.

Hansen left NBC News in 2013 after the network declined to renew his contract. He continued to orchestrate the sting operations on a short-lived syndicated series, “Crime Watch Daily.” He also became one of the first well-known TV journalists to use a Kickstarter campaign to raise money to produce his own work to present on web platforms, which eventually led to the TruBlu site he has now. He also has a podcast series distributed by Red Seat Ventures called “Have a Seat,” a true crime podcast where he interviews figures in law enforcement.

In the video game world, it’s one of the biggest releases of 2026.

For years, fans have been eagerly awaiting the sixth installment to the “Grand Theft Auto” franchise.

But the much-anticipated release of the game has been disrupted by a flurry of leaked scenes — such as a plane flying over a metropolis and the interior of a strip club — that has flooded the internet in the last week without the consent of its publisher, Rockstar Games.

Rockstar has not confirmed the videos’ authenticity, but its parent company, Take-Two Interactive, is taking action. The New York-based company late last week issued subpoenas to Microsoft, Discord, X and Google to track down the alleged hackers.

The requests were filed in the Southern District Court in New York under the Digital Millennium Copyright Act.

The filings involve the unauthorized use of copyrighted material such as “audiovisual content, artwork, images, dialogue, or other creative elements” from proprietary software owned by Take-Two, according to the documents.

Take Two is asking for identifying information associated with the online profiles and activity tied to the leaks, which have generated considerable buzz in the gaming world.

Take-Two Interactive and Rockstar did not respond to a request for comment. Here’s what to know:

Who’s behind this hack?

The online persona Cyberleek appears to be closely associated with the ongoing leaks, according to court documents. The hackers claim to be leaking these gameplays as an act of protest and have a list of demands, which include a physical disc of the game, which Rockstar previously said it would not release. The other demands include no paywalled solo player content and full offline access.

“Publishers sell licenses and call them purchases. They ship unfinished games and call them living services,” Cyberleek wrote on its website. “They lock content on discs and call it DLC. They kill games and keep the money. Every year anti-consumerism tightens its grip, and every year gamers get less for what they pay.”

The group also claims to have obtained a playable build of the game and asks users for cryptocurrency donations.

What does this mean for ‘Grand Theft Auto’?

The first “Grand Theft Auto” was released in 1997 by BMG Interactive. Before it was even released, the action-adventure game was met with a wave of controversy, as the game was centered around illegal activities such as stealing cars and running people over.

The game started to gain real traction in the early 2000s, when Rockstar took over its development. Rockstar is based in New York and maintains California offices in Santa Monica and San Diego. The “Grand Theft Auto” franchise remains its hallmark title and continues to grow a loyal fan base.

The new release of “Grand Theft Auto VI” is slated for Nov. 19 for the PlayStation 5 and Xbox Series X/S. It marks the first major release in the franchise since 2013. The standard version will cost $79.99, while the ultimate version will cost $99.99.

These leaks, which include several maps, video from a gas station and a car wash, come just days before the game is set to have an exclusive preview on Netflix. On Thursday, Rockstar and the media giant are set to share an exclusive extended look at the game on the streaming platform.

So will the leaks hurt sales of the game?

That’s hard to say. Investors appear to be nervous about the potential effect on the company’s business. Since the leaks first started to pop up last week, Take-Two’s stock has continued to plummet. On Monday, the stock closed at $233, down 10% over the last five days.

Although investors appear to be uneasy about the leak, some analysts don’t think it will dampen sales of the game.

“This game is gonna crush every record ever,” said Michael Pachter, a video game industry analyst. “This game could sell 10 million units in the first minute. I think it could do 20 million in the first day and a half.”

Are leaks in the gaming industry common?

Unauthorized leaks aren’t as commons as they are in the music and movie industries, but they do occur. In the last few years, several games and sensitive information have been leaked. One of the largest instances was in 2023 when developer Insomniac Games was targeted for data surrounding the upcoming “Marvel Wolverine” game.

But it’s rare for hackers to get a hold of a playable version of the game, which might have happened in the “Grand Theft Auto” incident, said Sanjay Madhav, a technology professor at USC.

“If you compare it to something like a movie being leaked, that’s a little bit different because presumably if you watch the whole movie, you’re not really compelled to watch it again,” Madhav said. “But I think in this case, unless they release the playable build for other people to download, I don’t think that it’s going to have a noticeable impact on their sales.”

When the news broke last week that Mark Walter was selling the Lakers just one year after buying the storied basketball franchise, executives working for another crown jewel in his sports empire — the Dodgers — were quick to say the billionaire had no plans to sell the team.

The Dodgers have won three of the last six World Series and 12 division titles since an ownership group led by Walter bought the then-bankrupt team in 2012, and the Dodgers now are considered the most successful — and lucrative — franchise in Major League Baseball.

Yet, amid Walter’s financial difficulties, including a federal inquiry into his insurance empire regarding $16 billion to $21 billion in undisclosed loans to his own companies, questions remain over whether the blowback will hit the Dodgers.

Walter has denied wrongdoing, and sports business experts say it’s far too soon to know whether the Dodgers will be in play. No charges have been filed against Walter or anyone associated with his businesses.

“If you’re judging on that — winning and revenue created — he’s been at the helm of all of that. … He does truly look like a white knight as it relates to his ownership of the Dodgers,” said Patrick Rishe, executive director of the Sports Business Program at Washington University in St. Louis. Still, “we don’t know what the issues are, and we don’t know the severity and the magnitude.”

Aside from the Lakers, the Dodgers are, by far, the most valuable of Walter’s handful of sports franchises, and industry sources not authorized to speak publicly about any potential sale told The Times that the team could fetch $10 billion to $13 billion.

Walter’s sports portfolio includes the Los Angeles Sparks of the Women’s National Basketball Assn.; the Cadillac Formula 1 racing team; a premier women’s tennis competition, the Billie Jean King Cup; and the entire Professional Women’s Hockey League. The Bloomberg Billionaires Index estimates Walter has a net worth of $18.3 billion.

There have been reports that he is putting his shares of his most valuable professional soccer franchise, the Chelsea Football Club of the English Premier League, on the market.

But the Dodgers are the greatest show in baseball, playing before stadiums packed with fans willing to shell out top dollar to see a roster that includes international superstars Shohei Ohtani and Yoshinobu Yamamoto.

Last week, Dodgers president and part-owner Stan Kasten said the Lakers sale “really has nothing to do with the Dodgers” and that “there are no changes here or contemplated here.” And Dodgers manager Dave Roberts said at a news conference that he was “shocked” by news of the Lakers sale and had not heard of any potential changes to Dodgers ownership.

Andrew Granato, a law professor at the University of Texas at Austin who specializes in corporate finance and insurance, said that although it was not yet clear whether Walter would offload the Dodgers, it would not be impossible, given the speed and scale of the billionaire’s recent financial transactions and the mounting federal and public scrutiny.

“I imagine that no fan feels particularly comfortable if the owner of their favorite team is under … investigation. Certainly, it’s not an ideal situation,” he said.

Walter was riding high after the Dodgers’ success and his $10-billion purchase of the Lakers last year. But the last few months have been challenging.

The loans by two Delaware life insurers that Walter owns were made to companies tied to him or his TWG Global holding company but were not disclosed as “related party” transactions as required, the Wall Street Journal reported. Related-party transactions made by insurers are required to be reported to limit conflicts of interest and protect policyholders, who have an interest in the financial strength of their insurers.

Walter, the 66-year-old chief executive of Chicago investment firm Guggenheim Partners, led a group that included another Guggenheim executive and Magic Johnson in acquiring the Dodgers for $2.15 billion in 2012, then a record for an MLB team.

The Times has reported that he tapped the insurers he owned for financing, a deal that was later vetted by state insurance regulators.

However, the amount of related-party loans made by the two affiliated life insurers now under federal scrutiny is vastly more, amounting to 40% of the invested assets of Delaware Life as of Dec. 31, according to Fitch Ratings. The credit rating firm said that is the most of any North American life insurers it reviews.

It’s unclear where the money went, but the Wall Street Journal reported that billions were passed through a third party before being received by entities tied to Walter or his TWG Global holding company.

Last week, Walter stunned the sports world by selling a majority stake in the Lakers for $12.5 billion to former Disney Chief Executive Bob Iger and venture capitalist Joshua Kushner, who is the brother of President Trump’s son-in-law Jared Kushner.

Walter has declined to comment on whether the sale was tied to the federal investigation.

The framework for a deal was consummated in a matter of days, Iger told interviewers last week. It still must be approved by the NBA Board of Governors, which meets in September.

Projecting an exact value for the Dodgers is difficult because MLB and its players union are engaged in contentious collective bargaining negotiations that many experts believe could result in a lockout when the current agreement expires in December.

Should a salary cap be agreed upon for the first time in MLB history, the valuation could jump to the high end, the source said. And about $1 billion of any sale would be subtracted to cover the Dodgers’ future commitments on deferred contracts.

The Dodgers’ massive local television deal with SportsNet LA directly elevates the franchise’s overall valuation.

Listing potential buyers should the Dodgers be for sale is challenging because the estimated value of the franchise is so much greater than almost any other MLB team. The record price for a sports franchise was the $12.5 billion for the Lakers.

Besides Kushner and Iger, those who have bid for teams aren’t in the $10-billion-plus ballpark. The San Diego Padres were sold last week for $3.9 billion to José E. Feliciano and Kwanza Jones.

Another question that has arisen as Walter’s financial troubles have garnered headlines is whether MLB would conduct its own investigation into Dodgers ownership or pressure the billionaire and his partners to sell the team.

“Any time there is any kind of public question about owners, they look into it,” former Dodgers president Bob Graziano told The Times. “I would guess, because there is a federal investigation going on, they’re not launching their own investigation, but they are going to wait to see what comes out of the federal investigation.”

No investigation of any kind into the matter has been announced by MLB.

MLB has never formally stripped an owner of a franchise or forced an outright sale through a vote of franchise owners. But the league forced Frank McCourt to sell the Dodgers in 2012 by exerting pressure and threatening a financial takeover or disciplinary action that would have stripped operational control.

When McCourt sold the team to Walter’s Guggenheim group, the franchise was in Chapter 11 bankruptcy.

When Guggenheim purchased the team in 2012, it outbid billionaire hedge fund manager Steven Cohen, who now owns the New York Mets. A group headed by former Yankees and Dodgers manager Joe Torre and L.A. developer Rick Caruso dropped out of the bidding ahead of Cohen. Additional bidders included media executive Leo Hindery, billionaire Tom Barrack, then-St. Louis Rams owner Stan Kroenke and Jared Kushner.

Times staff writer Laurence Darmiento contributed to this report.

The Los Angeles Lakers are to be sold for a reported record-breaking $12.5bn, external (£9.3bn) – less than a year after Mark Walter took a majority stake in the NBA franchise.

Josh Kushner, the brother of US President Donald Trump’s son-in-law Jared, and former Disney chief executive Bob Iger are buying the controlling interest in one of the world’s most iconic sports teams.

Walter bought his share, reportedly worth an estimated $10bn (£7.45bn), from the Buss family in a deal that was unanimously approved by the NBA Board of Governors in October 2025.

Kushner and Iger said in a statement: “As lifelong NBA fans, we are deeply honoured for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world.

“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.”

More to follow.