League: NBA Sport: Basketball Country: United States Category: Breaking News

Lakers sold for $12.5B as Kushner and Iger take ownership

Yahoo Sports • 1 min read • Latest: Aug 14, 2026, 10:23 PM

Last updated Aug 14, 2026

Lakers sold for $12.5B as Kushner and Iger take ownership

Summary

The Los Angeles Lakers have been sold to Joshua Kushner and Bob Iger for a record $12.5 billion. This sale comes amid reported financial challenges faced by former owner Mark Walter, who has been under investigation by the FBI. Iger aims to respect the existing front-office structure with Jeanie Buss remaining in her role. Luka Dončić expressed enthusiasm for the new ownership while the team prepares for the impending season. The sale reportedly occurred in just 72 hours, highlighting its urgency amidst Walter's financial issues.

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Latest Updates

•Kushner and Iger are taking over Lakers ownership.
•Mark Walter's financial difficulties prompted the sale.
•Jeanie Buss retains her front-office position.
•Luka Dončić welcomes the new owners as season approaches.
•The sale was finalized quickly amid ongoing investigations into Walter.

Latest Updates

10:23 PMYahoo Sports — How Will the Lakers Move Forward After $12.5B Blockbuster Sale?

What they're saying

"
The Lakers have undergone many changes over the last few seasons, but their recent blockbuster sale has shocked the entire sports world. Venture capitalist Joshua Kushner and former two-time Disney CEO Bob Iger have taken the reins. The Lakers’ New Owners ESPN’s Ramona Shelburne offered some clarity in an article shortly after the sale. https://twitter.com/ramonashelburne/status/2087539809950797855?s=46&t=cGy8AX4X9xbdvP6bm025lQ […] The post How Will the Lakers Move Forward After $12.5B Blockbust
— Yahoo Sports

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Los Angeles Lakers Memphis Grizzlies Miami Heat NBA Basketball

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Yahoo SportsAug 14, 2026, 10:23 PM
How Will the Lakers Move Forward After $12.5B Blockbuster Sale?
The Lakers have undergone many changes over the last few seasons, but their recent blockbuster sale has shocked the entire sports world. Venture capitalist Joshua Kushner and former two-time Disney CEO Bob Iger have taken the reins. The Lakers’ New Owners ESPN’s Ramona Shelburne offered some clarity in an article shortly after the sale. https://twitter.com/ramonashelburne/status/2087539809950797855?s=46&t=cGy8AX4X9xbdvP6bm025lQ […] The post How Will the Lakers Move Forward After $12.5B Blockbust

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