Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion
The record deal comes less than a year after Mark Walter bought the franchise, and the new owners say they will build on the Buss family legacy.
- 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.
369 Articles
369 Articles
Lakers sold for record $12.5 billion to Josh Kushner and Bob Iger
LOS ANGELES — The Los Angeles Lakers are being sold for the second time in a year, going to businessmen Josh Kushner and Bob Iger for a record-breaking price.This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details of the latest stunning development with one of North America's marquee sports teams.ESPN f…
Jewish businessmen Joshua Kushner, Bob Iger buy Los Angeles Lakers for record $12.5b
Jared Kushner’s brother and the longtime Disney CEO kvell at the prospect of owning an “iconic” team. The post Jewish businessmen Joshua Kushner, Bob Iger buy Los Angeles Lakers for record $12.5b appeared first on Jewish Telegraphic Agency.
Bob Iger & the Lakers: Showtime Money
I recently wrote about AI-made microdramas in China, Elon Musk’s AI-Odyssey plans, what a failed Instagram experiment tells us about Hollywood’s engagement trap and A24’s deal with Google DeepMind. Bob Iger is buying the Lakers for $12.5 billion. Jeff Bezos wants a piece of Liverpool Football Club in a deal that values the team at roughly $6 billion. Increasingly, media and technology titans seem to be looking at sports and seeing something they…
The Los Angeles Lakers set a record for the sale of a North American sports team on Wednesday.
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