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

Joshua Kushner and Bob Iger agree to acquire Lakers for $12.5 billion

Yahoo Sports • 1 min read • Latest: Aug 16, 2026, 11:35 AM

Last updated Aug 16, 2026

Joshua Kushner and Bob Iger agree to acquire Lakers for $12.5 billion

Summary

Joshua Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers at a record valuation of $12.5 billion, pending NBA approval. This deal, reported as the largest ever for a U.S. professional sports team, highlights their contrasting backgrounds. Kushner, founder of Thrive Capital, focuses on technology investments, while Iger has decades of experience in the entertainment industry, previously serving as CEO of Disney. Their combined expertise is positioned to shape the future of the Lakers.

Source Links

Yahoo Sports

Key Details

•Kushner and Iger's acquisition is pending NBA approval.
•Kushner's net worth is estimated at $5.2 billion.
•Iger's Disney tenure included major acquisitions and strategic growth.
•The Lakers' valuation reflects the increasing value of sports teams.

Latest Updates

11:35 AMYahoo Sports — How Did Lakers’ New Owners Joshua Kushner, Bob Iger Get Rich? A Look at Their Net Worth, How They Made Fortunes

What they're saying

"
The Los Angeles Lakers have a new ownership group, and the price tag alone is enough to make anyone look twice. Joshua Kushner and Bob Iger have agreed to acquire the franchise at a record $12.
— Yahoo Sports

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Los Angeles Lakers NBA Basketball