Lakers sold to Josh Kushner and Bob Iger for over $12 billion
17 sources • 3 min read • Latest: Aug 12, 2026, 3:17 PM
Last updated Aug 12, 2026

The Los Angeles Lakers are reportedly sold to Josh Kushner and Bob Iger for over $12 billion, a record price for an NBA team. Mark Walter, who purchased a controlling interest in the team just a year ago, is selling the franchise. Kushner and Iger had been pursuing an NBA expansion in Las Vegas but shifted focus to acquire the Lakers. This development marks another ownership change for the historic franchise.
- •Lakers sold for over $12 billion, breaking previous records.
- •Mark Walter's ownership lasted only one year.
- •Kushner and Iger pivoted from a Vegas expansion bid.
- •Ownership change brings potential shifts in team management.
- 3:17 PMESPN — Sources: Kushner, Iger to buy Lakers for $12B
- 3:09 PMYahoo Sports — Lakers' $12B sale could reshape NBA ownership and team future
- 3:04 PMYahoo Sports — Lakers Sold to Ex-Disney Chief Bob Iger and Karlie Kloss’ Husband for Record-Breaking $12 Billion
- 3:00 PMYahoo Sports — A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says
- 2:54 PMYahoo Sports — Mark Walter selling Lakers for record $12.5 billion to Josh Kushner, Bob Iger
- 2:52 PMYahoo Sports — Josh Kushner and Bob Iger Buy the Lakers in Record-Breaking $12 Billion Deal
- 2:49 PMYahoo Sports — Lakers sold for $12 billion to Bob Iger and Josh Kushner with former owner under federal investigation
- 2:49 PMCBS NBA — Lakers sold for record-breaking $12.5 billion: Josh Kushner, Bob Iger buying NBA franchise from Mark Walter
"The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details. ESPN first reported that Kushner and Iger are buying the NBA's most valuable franchise, which was valued last year at $10 billion when Mark Walter purchased a controlling stake from the Buss family.
"Mark Walter bought team last year for $10bn Iger and Kushner aim to ‘compete at the highest level’ Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12bn in a record-breaking deal, ESPN reported on Wednesday, citing sources with knowledge of the deal. Billionaire Mark Walter purchased a majority stake of the NBA team last year from the Buss family in a deal that valued the club at $10bn, with the deal only having been approved by the board of governors in October. Continue reading...
"The Los Angeles Lakers are reportedly changing hands once again in a record-breaking deal worth more than $12 billion. According to a report from ESPN published on Wednesday, August 12, Josh Kushner and Bob Iger have agreed to purchase the iconic NBA franchise from Mark Walter for a staggering amount. The sale comes less than […]
Sources
External links- ESPNAug 12, 2026, 3:17 PMSources: Kushner, Iger to buy Lakers for $12B
The Lakers are being sold to American businessman Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
- Yahoo SportsAug 12, 2026, 3:09 PMLakers' $12B sale could reshape NBA ownership and team future
Joshua Kushner and Robert Iger have agreed to buy the Lakers in a deal valued at $12 billion, pending approval.
- Yahoo SportsAug 12, 2026, 3:04 PMLakers Sold to Ex-Disney Chief Bob Iger and Karlie Kloss’ Husband for Record-Breaking $12 Billion
Iger and Josh Kushner purchased the team from Mark Walter, the Lakers’ majority owner since October 2025
- Yahoo SportsAug 12, 2026, 3:00 PMA blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says
The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details. ESPN first reported that Kushner and Iger are buying the NBA's most valuable franchise, which was valued last year at $10 billion when Mark Walter purchased a controlling stake from the Buss family.
- Yahoo SportsAug 12, 2026, 2:54 PMMark Walter selling Lakers for record $12.5 billion to Josh Kushner, Bob Iger
Walter agreed to purchase the Lakers just 14 months ago from the Buss family for a then-record $10 billion.
- Yahoo SportsAug 12, 2026, 2:52 PMJosh Kushner and Bob Iger Buy the Lakers in Record-Breaking $12 Billion Deal
The Los Angeles Lakers are reportedly changing hands once again in a record-breaking deal worth more than $12 billion. According to a report from ESPN published on Wednesday, August 12, Josh Kushner and Bob Iger have agreed to purchase the iconic NBA franchise from Mark Walter for a staggering amount. The sale comes less than […]
- Yahoo SportsAug 12, 2026, 2:49 PMLakers sold for $12 billion to Bob Iger and Josh Kushner with former owner under federal investigation
The Lakers have been sold for the second time in just over a year.
- CBS NBAAug 12, 2026, 2:49 PMLakers sold for record-breaking $12.5 billion: Josh Kushner, Bob Iger buying NBA franchise from Mark Walter
Walter bought the team just 14 months ago; now, Luka Dončić and friends have new owners as they try to get back into title contention
- Yahoo SportsAug 12, 2026, 2:36 PMBob Iger, Josh Kushner to buy Lakers for more than $12 billion, ESPN reports
The Lakers are being sold to American businessmen Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
- The Guardian SportAug 12, 2026, 2:29 PMJosh Kushner and Bob Iger reportedly buying Los Angeles Lakers for $12bn
Mark Walter bought team last year for $10bn Iger and Kushner aim to ‘compete at the highest level’ Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12bn in a record-breaking deal, ESPN reported on Wednesday, citing sources with knowledge of the deal. Billionaire Mark Walter purchased a majority stake of the NBA team last year from the Buss family in a deal that valued the club at $10bn, with the deal only having been approved by the board of governors in October. Continue reading...
- Yahoo SportsAug 12, 2026, 2:23 PMBob Iger, Josh Kushner to buy Lakers for record $12 billion in stunning ownership change
The Los Angeles Lakers are changing hands again in a stunning deal that would set another record for the sale of a professional sports franchise. American businessmen Josh Kushner and Bob Iger have agreed to purchase the Lakers from Mark Walter for more than $12 billion
- Yahoo SportsAug 12, 2026, 2:21 PMLakers sold to Josh Kushner, Bob Iger for record-breaking $12 billion
Lakers sold to Josh Kushner, Bob Iger for record-breaking $12 billion
- Yahoo SportsAug 12, 2026, 2:11 PMLakers reportedly being sold to Josh Kushner and Bob Iger for record-breaking $12 billion
The Lakers will reportedly once again change hands.
- Yahoo SportsAug 12, 2026, 2:11 PMLakers being sold to Josh Kushner and Bob Iger for record-breaking $12 billion
The Lakers will reportedly once again change hands.
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