Lakers sold to Kushner and Iger for $12.5 billion
Yahoo Sports • 1 min read • Latest: Aug 12, 2026, 3:29 PM
Last updated Aug 12, 2026
Lakers owner Mark Walter has sold the franchise to Josh Kushner and Bob Iger for $12.5 billion. This sale comes less than a year after Walter purchased the team at a $10 billion valuation. The transaction is notable given the ongoing federal investigation into Walter and the implications it may have for Lakers' operations under new ownership. As the deal progresses, questions regarding Jeanie Buss's future role as operating governor and the team's leadership structure are expected to arise.
- •Walter purchased the Lakers for $10 billion in June 2025.
- •Iger and Kushner's acquisition marks a 25% increase in franchise valuation.
- •Walter reportedly made $2.5 billion profit from the sale within a year.
- •Kushner is related to Donald Trump’s son-in-law, adding complexity to the ownership.
- •Questions arise about the implications for Jeanie Buss's position going forward.
- 3:29 PMYahoo Sports — Social media reacts to Lakers being sold again: Luka Doncic has now had five different owners
"Lakers owner Mark Walter is flipping the franchise to Josh Kushner and Bob Iger for $12.5 billion. Check out the social media reaction to the news.
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