Josh Kushner and Bob Iger buy LA Lakers for $12.5 billion
Yahoo Sports • 1 min read • Latest: Aug 13, 2026, 8:00 PM
Last updated Aug 13, 2026
The Los Angeles Lakers have a new majority ownership after Josh Kushner and Bob Iger agreed to purchase the team for $12.5 billion over the weekend. This deal, which is pending approval from the NBA's board of governors, would mark the largest ever sports team sale. Mark Walter, the previous owner, is reported to have made a $2.5 billion profit from the sale. The Lakers' valuation surge from $10 billion in June 2025 to this new price reflects significant market interest. Luka Doncic is positioned to lead the team, which is navigating a transition after losing key player LeBron James.
- •Kushner and Iger's deal is worth $12.5 billion.
- •Former owner Mark Walter bought the team for $10 billion in June 2025.
- •The Lakers have not won an NBA title since 2020.
- •Luka Doncic is now the team's leading player.
- •NBA approval of the sale is still pending.
- 8:00 PMYahoo Sports — Done in a weekend - the $12.5bn LA Lakers sale that shocked the NBA
- 8:00 PMBBC Sport — Done in a weekend - the $12.5bn LA Lakers sale that shocked the NBA
"The Los Angeles Lakers' record $12.5bn (£9.3bn) sale was agreed in the space of a weekend, leaving the NBA world and fans in shock.
"The Los Angeles Lakers' record $12.5bn (£9.3bn) sale was agreed in the space of a weekend, leaving the NBA world and fans in shock.
Sources
External links- Yahoo SportsAug 13, 2026, 8:00 PMDone in a weekend - the $12.5bn LA Lakers sale that shocked the NBA
The Los Angeles Lakers' record $12.5bn (£9.3bn) sale was agreed in the space of a weekend, leaving the NBA world and fans in shock.
- BBC SportAug 13, 2026, 8:00 PMDone in a weekend - the $12.5bn LA Lakers sale that shocked the NBA
The Los Angeles Lakers' record $12.5bn (£9.3bn) sale was agreed in the space of a weekend, leaving the NBA world and fans in shock.
Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days- NBA•Aug 13, 2026, 9:14 PMNBA schedule: LeBron visiting Lakers on Dec. 25, Giannis return to Milwaukee on Jan. 28 highlight stars facing previous teams, visiting former home courts
NBA•Aug 13, 2026, 9:02 PMWhat increase in back-to-backs means for 2026-27 Celtics
NBA•Aug 13, 2026, 8:37 PMNBA's 2026-27 schedule gives Jaylen Brown and Giannis Antetokounmpo homecoming games in January- NBA•Aug 13, 2026, 8:30 PMKnicks, 76ers, Spurs take spotlight as NBA releases 2026-27 schedule
NBA•Aug 13, 2026, 8:27 PMFantasy takeaways from 2026-27 NBA regular-season schedule release- NBA•Aug 13, 2026, 8:20 PMLakers' 2026-27 schedule packed with reunions and road tests
