Lakers sold to Kushner and Iger for record $12.5 billion
3 sources • 1 min read • Latest: Aug 12, 2026, 8:07 PM
Last updated Aug 12, 2026
The Los Angeles Lakers are being sold to Josh Kushner and Bob Iger for $12.5 billion. This transaction marks the second time in two years that the franchise has changed ownership, surpassing the previous record set last year when Mark Walter acquired the team for $10 billion. The Lakers remain the highest-valued sports franchise in U.S. history, previously setting the record as the only team to sell for over $10 billion. Kushner and Iger, who expressed their commitment to the team's future, approached Walter with an aggressive offer. The sale positions the Lakers above other notable team sales, including the Seattle Seahawks and Boston Celtics.
- •Lakers sold for $12.5 billion
- •Transaction involves Josh Kushner and Bob Iger
- •Previous record was $10 billion by Mark Walter
- •Lakers only team to exceed $10 billion valuation
- •Sale highlights ongoing interest in sports franchise investments
- 8:07 PMYahoo Sports — Timeline of Record-Setting Sports Team Sales: Data Viz
- 5:14 PMYahoo Sports — How the Los Angeles Lakers' $12.5B sale compares to the price tags of other North American sports franchises
- 3:06 PMYahoo Sports — Biggest U.S. sports team sales: How Lakers broke own record with new price of $12.5 billion
"For the fourth time in four years, a sports franchise has sold for the highest price tag ever. Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after …
"A year after being sold for $10 billion, the Lakers broke the record with a sale price of $12.5 billion.
"For the second time in two years, the Lakers are being sold -- this time for a whopping $12.5 billion.
Sources
External links- Yahoo SportsAug 12, 2026, 8:07 PMTimeline of Record-Setting Sports Team Sales: Data Viz
For the fourth time in four years, a sports franchise has sold for the highest price tag ever. Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after …
- Yahoo SportsAug 12, 2026, 5:14 PMHow the Los Angeles Lakers' $12.5B sale compares to the price tags of other North American sports franchises
A year after being sold for $10 billion, the Lakers broke the record with a sale price of $12.5 billion.
- Yahoo SportsAug 12, 2026, 3:06 PMBiggest U.S. sports team sales: How Lakers broke own record with new price of $12.5 billion
For the second time in two years, the Lakers are being sold -- this time for a whopping $12.5 billion.
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