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Bob Iger and Thrive Capital purchase L.A. Lakers for $12 billion

3 sources • 2 min read • Latest: Aug 12, 2026, 10:30 PM

Last updated Aug 12, 2026

Bob Iger and Thrive Capital purchase L.A. Lakers for $12 billion

Summary

Bob Iger, the former CEO of Disney, and Josh Kushner's Thrive Capital have acquired the Los Angeles Lakers for $12 billion. The deal was confirmed on August 12, 2026. In a statement, Iger and Kushner expressed excitement about becoming stewards of one of the most iconic franchises in sports. Their commitment includes building on the existing legacy of ownership by Jerry and Jeanie Buss and aiming to compete at the highest level for fans and the city of Los Angeles.

Source Links

Yahoo Sports

By the Numbers

•Bob Iger and Thrive Capital buy the Lakers for $12 billion.
•The purchase was confirmed on August 12, 2026.
•Iger and Kushner aim to build on the Buss family's legacy.
•They plan to compete at the highest level forfans.
•The Lakers are considered one of the most iconic sports franchises.

Latest Updates

1:00 PMYahoo Sports — How Bob Iger Snatched the Lakers in a Shocking $12.5 Billion Deal
10:30 PMYahoo Sports — Los Angeles Lakers sold for record $12.5 billion
4:52 PMYahoo Sports — NBA's Los Angeles Lakers to be sold for $12.5 bn: ESPN
2:55 PMYahoo Sports — Bob Iger Buys L.A. Lakers In Big Bucks Post-Disney Slam Dunk

What they're saying

"
The Los Angeles Lakers, one of the most successful teams in NBA history, are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valued at $12.5 billion, ESPN reported Wednesday."As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world," Kushner and Iger said in a statement to ESPN. "We have immense respect for the leadership and vision of Jerry and Jeanie Buss.
— Yahoo Sports

"
Fulfilling almost every American boy’s dream, Bob Iger has bought himself a big city sports franchise. The ex-Disney CEO and Josh Kushner’s Thrive Capital have scored the L.A. Lakers for $12 billion, Deadline has confirmed. “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers one of …
— Yahoo Sports