Lakers Sold for Record $12.5 Billion, Reports Say
Listen to the story
The Los Angeles Lakers is a famous basketball team. News reports say the team has a new owner. Two men are buying the team. Their names are Josh Kushner and Bob Iger.
Reports say the men will pay about $12.5 billion. This is a lot of money. It is a record price for a sports team. No other team has sold for this much money before.
The Lakers are one of the biggest teams in the NBA. The NBA is the top basketball league in the United States. The Lakers have many fans around the world.
Josh Kushner is a businessman. Bob Iger worked for many years at the Walt Disney Company. He was the boss of Disney. Now he may help own the Lakers.
The news about the sale comes from sources. Sources are people who know about a story but do not want their name used. The Lakers have not said everything about the deal yet.
Vocabulary15 words
- team
- a group of people who play a sport together
- owner
- a person who has a business or company
- record
- the biggest or best ever
- NBA
- the main basketball league in the United States
- league
- a group of sports teams that play against each other
- businessman
- a person who runs a business
- sources
- people who give information about a news story
- deal
- an agreement between people or companies
- basketball
- a sport where players throw a ball into a net
- billion
- the number 1,000,000,000
- buy
- to get something by paying money for it
- sale
- when something is sold
- boss
- the leader of a company
- fans
- people who love a team or a sport
- money
- coins and notes people use to pay for things
Quiz
Answer key
1. The Los Angeles Lakers 2. About $12.5 billion 3. Bob Iger
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The Los Angeles Lakers is a famous basketball _____. News reports say the team has a new _____. Two men are buying the team.
Reports say the men will pay about $12.5 _____. This is a _____ price for a sports team.
The Lakers are one of the biggest teams in the _____. The NBA is the top basketball _____ in the United States.
Josh Kushner is a _____. Bob Iger worked for many years at the Walt Disney Company. He was the _____ of Disney.
The news about the sale comes from _____. The Lakers have not said everything about the _____ yet.
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