Bob Iger becomes co-owner of the Los Angeles Lakers amid major ownership change

Yahoo Sports1 min read • Latest: Aug 13, 2026, 1:47 AM

Last updated Aug 13, 2026

Bob Iger becomes co-owner of the Los Angeles Lakers amid major ownership change
Summary

Bob Iger has acquired a majority stake in the Los Angeles Lakers in a deal valued at $12.5 billion. The sale, finalized in just 72 hours, comes after Mark Walter's brief ownership following a $10 billion deal in 2025. As Iger takes over, he will navigate the legacy of the Buss family, who have owned the team for decades. The impact of Walter's exit and Iger's approach remains uncertain for the franchise's future direction.

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Key Details
  • Bob Iger is now a co-owner of the Lakers.
  • The deal is valued at $12.5 billion, a record for U.S. sports.
  • Mark Walter had owned the team briefly after taking over from the Buss family.
  • Iger's acquisition occurred in a remarkably swift timeframe of 72 hours.
  • The Lakers will continue under former governor Jeanie Buss for now.
Latest Updates
  • 1:47 AMYahoo SportsBob Iger’s New Magic Kingdom: Fans & Media Wonder If He Can Bring That Disney Sparkle To The Lakers
What they're saying
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As the new co-owner of the Los Angeles Lakers, Bob Iger brings with him arguably the most significant Hollywood profile of any owner in the history of U.S. major professional sports. The question fans and Angelenos have now is: What kind of Disney magic can he make? Iger and Josh Kushner unveiled the stunning deal …

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