Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion
The record deal would give the pair control of one of the NBA’s most valuable teams, pending approval from league owners.
- 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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486 Articles
Lakers Suddenly Sold for Record $12.5 Billion as Federal Investigation Swirls Around Owner Mark Walter
Bob Iger and Josh Kushner walked into negotiations shopping for an expansion team and walked out owning the Lakers, all while a federal investigation into billions of dollars circling the seller's business empire quietly loomed over the table.
Los Angeles. Los Lakers in Los Angeles will be sold to Bob Iger, former executive director of Disney, and investor Joshua Kushner in an operation that rates the iconic NBA team at $12.5 billion. The sale, released yesterday by ESPN and which has not yet been officially confirmed, would be a record price for the powerful basketball league.
Joshua Kushner will partner with Bob Iger, Disney's former boss, to offer the famous 17-time NBA champion basketball club. All for the modest sum of $12.5 billion.
This historic NBA franchise will change ownership for the second time in a year. ...
The Los Angeles Lakers, a prestigious NBA franchise owned by Mark Walter, have been sold to Thrive Eternal for $12.5 billion. This is the highest amount in the history of sports teams worldwide. Walter decided to sell due to financial risks and personal health issues, while Kushner and Iger pursued this acquisition by changing their plans to start a new NBA team.
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