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

Lakers sold for record $12.5 billion as Doncic expresses optimism

Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 5:37 PM

Last updated Aug 12, 2026

Lakers sold for record $12.5 billion as Doncic expresses optimism

Summary

The Los Angeles Lakers have been sold to Josh Kushner and Bob Iger for a record-breaking $12.5 billion. The sale was announced on August 12, 2026, marking a significant change in ownership for the franchise. Luka Doncic shared his supportive outlook on the team’s future, stating his excitement to bring a championship to LA. Former owner Mark Walter described owning the Lakers as an extraordinary investment and expressed pride in the community and fans. The franchise is expected to have a new direction as it prepares for the upcoming season.

Source Links

Yahoo Sports

Latest Updates

•Lakers sold to Kushner and Iger for $12.5 billion.
•Doncic expresses excitement about team's future.
•Walter previously owned the team for less than a year.
•Franchise aims for a new direction ahead of the season.

Latest Updates

5:37 PMYahoo Sports — Lakers' Luka Doncic sends strong message to 'iconic franchise' after record breaking $12.5B sale

What they're saying

"
The Los Angeles Lakers were sold in a record breaking deal on Wednesday morning. Franchise star Luka Doncic released a statement about his outlook on the organization after the decision.
— Yahoo Sports

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