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.
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