Lakers sold to Josh Kushner and Bob Iger for over $12 billion

17 sources3 min read • Latest: Aug 12, 2026, 3:17 PM

Last updated Aug 12, 2026

Lakers sold to Josh Kushner and Bob Iger for over $12 billion
Summary

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.

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Status Watch
  • 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.
Latest Updates
  • 3:17 PMESPNSources: Kushner, Iger to buy Lakers for $12B
  • 3:09 PMYahoo SportsLakers' $12B sale could reshape NBA ownership and team future
  • 3:04 PMYahoo SportsLakers Sold to Ex-Disney Chief Bob Iger and Karlie Kloss’ Husband for Record-Breaking $12 Billion
  • 3:00 PMYahoo SportsA blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says
  • 2:54 PMYahoo SportsMark Walter selling Lakers for record $12.5 billion to Josh Kushner, Bob Iger
  • 2:52 PMYahoo SportsJosh Kushner and Bob Iger Buy the Lakers in Record-Breaking $12 Billion Deal
  • 2:49 PMYahoo SportsLakers sold for $12 billion to Bob Iger and Josh Kushner with former owner under federal investigation
  • 2:49 PMCBS NBALakers sold for record-breaking $12.5 billion: Josh Kushner, Bob Iger buying NBA franchise from Mark Walter
What they're saying
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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.

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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...

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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 […]

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