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

27 sources • 5 min read • Latest: Aug 14, 2026, 1:15 AM

Last updated Aug 14, 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
  • 1:15 AMYahoo Sports — Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger
  • 1:15 AMAssociated Press — Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger - AP News
  • 9:10 PMYahoo Sports — Josh Kushner Pivots To $12.5B Lakers Investment After FIFA Deal Collapse
  • 3:30 PMYahoo Sports — White House Sets the Record Straight On Rumors of President Donald Trump Influencing Lakers’ $12.5 Billion Sale
  • 8:19 AMYahoo Sports — Josh Kushner Is Buying the Lakers & His Donald Trump Connection Is Drawing Attention
  • 4:15 PMYahoo Sports — Disney ex-CEO Bob Iger, Josh Kushner to buy Lakers for $12.5B: report
  • 3:43 PMYahoo Sports — Ex-Disney head Bob Iger partners with Josh Kushner to buy Los Angeles Lakers for a staggering $12.5 billion
  • 3:17 PMESPN — Sources: Kushner, Iger to buy Lakers for $12B
What they're saying
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For a billionaire and a tech investor who also has one of the U.S.' best-known surnames, Josh Kushner has managed to stay off the front pages and out of the world's broader discourse to a remarkable degree. The 41-year-old Kushner and his partner, former Disney CEO Bob Iger, reached a stunning agreement this week to buy the NBA's Los Angeles Lakers from Mark Walter at a valuation of $12.5 billion — the highest ever for a team sports sale. It's been a wild two weeks for the 41-year-old Kushner, who followed up his failed attempt to purchase a stake in future World Cup profits in a much-criticized plan orchestrated by FIFA President Gianni Infantino by acquiring the glamorous Lakers in a shockingly swift deal.

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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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