Joshua Kushner and Bob Iger purchase Lakers for $12.5 billion
Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 9:01 PM
Last updated Aug 12, 2026
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger have completed a deal to purchase the Los Angeles Lakers for $12.5 billion. Kushner, who has a history of sports investments, previously held stakes in the Miami Heat and Memphis Grizzlies. The acquisition is part of Kushner's effort to build a sports investment portfolio, with interests also in Major League Baseball. He has indicated plans to divest from the Miami Heat. Kushner, a lifelong Democrat, has advocated for liberal political causes while building a substantial business career through his firm Thrive Capital.
- •Kushner's firm Thrive Capital led investments in major companies.
- •Kushner and Iger aim to enhance the Lakers' brand.
- •Kushner's background includes stakes in multiple sports teams.
- 9:01 PMYahoo Sports — New Lakers buyer Joshua Kushner is a life-long Democrat with deep interest in sports
"Venture capitalist Joshua Kushner, brother of President Trump's son-in-law Jared Kushner, has tried to forge his own legacy that includes sports investments.
Sources
External linksOriginal reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days
MLS•Aug 12, 2026, 9:00 PMNashville SC vs Monterrey score, live updates, how to watch Leagues Cup match
MLS•Aug 12, 2026, 7:55 PMCristiano Ronaldo sends heartfelt public message to Lionel Messi
MLS•Aug 12, 2026, 6:11 PM😱 Keeper sees red after a night of fury, but stand-in shines; watch
MLS•Aug 12, 2026, 4:48 PMGrieving Argentine icon Messi unsure about playing on 'much longer'
MLS•Aug 12, 2026, 3:05 PMAquinas, American Heritage unanimous No. 1 picks in USA Today Super 10
MLS•Aug 12, 2026, 3:04 PMLionel Messi pays tribute to late father Jorge Messi as Cristiano Ronaldo shows support