League: NBA Sport: Basketball Country: United States Category: General

Josh Kushner and Bob Iger buy LA Lakers for $12.5 billion

3 sources • 1 min read • Latest: Aug 13, 2026, 8:00 PM

Last updated Aug 13, 2026

Josh Kushner and Bob Iger buy LA Lakers for $12.5 billion

Summary

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.

Source Links

Yahoo Sports BBC News BBC Sport

By the Numbers

•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.

Latest Updates

8:00 PMYahoo Sports — Done in a weekend - the $12.5bn LA Lakers sale that shocked the NBA
8:00 PMBBC News — Done in a weekend - the $12.5bn LA Lakers sale that shocked the NBA - bbc.com
8:00 PMBBC Sport — Done in a weekend - the $12.5bn LA Lakers sale that shocked the NBA

What they're saying

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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.
— Yahoo Sports

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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 Newsby Ailsa Cowen