Advertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to World
World

12 August 2026

LA Lakers to be sold in record $12.5bn deal

Downunder Voices Newsroom

Source reporting: BBC World

FacebookEmail
LA Lakers to be sold in record $12.5bn deal

The Los Angeles Lakers is to be sold for a reported record $12. 5bn - less than a year after Mark Walter took a majority stake in the NBA franchise.

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from World

View category
Why Global Diesel Prices Are Soaring: War, Hurricanes & Drone AttacksWorld

12 August 2026

Why Global Diesel Prices Are Soaring: War, Hurricanes & Drone Attacks

Diesel prices are hitting “insane” levels at $180/barrel wholesale, and a Gulf hurricane could mean “apocalyptic numbers” past $200, warns Gulf Oil’s Tom Kloza. He breaks down the unprecedented impact of drone attacks on global oil infrastructure, further tightening the refined products market. Plus, how US diesel exports are soaring and fuel surcharges are leaving shippers in the red. Wholesale diesel prices have climbed to roughly $180 a barrel on world markets — already exceeding the peaks many analysts expected after Russia’s invasion of Ukraine — and could push above $200 a barrel if a tropical storm threatens Gulf Coast refining infrastructure, according to Tom Kloza, Chief Energy Advisor for Gulf Oil, speaking on FreightWaves Today. The warning comes as fresh Energy Department data showed the United States exported nearly 2 million barrels of distillate last week, a record, on top of domestic consumption running close to 3.

Source: FreightWavesOriginal source

Read Next

View latest