Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion
The deal would set a new record for a U.S. sports franchise and still needs approval from the NBA board of governors.
- On Wednesday, businessman Josh Kushner and former Disney executive Bob Iger agreed to purchase the Los Angeles Lakers for more than $12 billion, according to ESPN reports.
- The sale follows billionaire Mark Walter's acquisition of a controlling interest in the Lakers last October for $10 billion, marking rapid ownership transition for the historic franchise.
- Jerry Buss purchased the Lakers in 1979, and the Buss family controlled the franchise for 46 years before Walter's 2025 acquisition ended their long-term ownership legacy.
- In a joint statement, Kushner and Iger expressed respect for Jerry and Jeanie Buss, committing to build on the foundation of the Los Angeles Lakers.
- Kushner, founder of Thrive Capital, recently became a key figure in a private equity fracas involving FIFA's plans to sell minority stakes at $20 billion valuation.
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445 Articles
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One of the NBA’s premiere franchises was sold — again — in a surprising move that has the basketball world buzzing. According to multiple reports, the Los Angeles Lakers have […] The post LA Lakers Sold to Ex-Disney CEO and Jared Kushner's Brother for Record-Breaking Price appeared first on The Western Journal.
Jared Kushner's brother Joshua, former Disney CEO Bob Iger, buying NBA's Los Angeles Lakers team
The sale comes barely a year after the team’s controlling stake was sold for $10 billion to Mark Walter, the billionaire CEO of Guggenheim Partners who also owns MLB’s Los Angeles Dodgers.
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