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League: NBASport: BasketballCategory: Trades

Mark Walter sells Lakers to Joshua Kushner and Bob Iger for $12.5 billion

Yahoo Sports • 1 min read • Latest: Aug 13, 2026, 3:35 AM

Last updated Aug 13, 2026

Mark Walter sells Lakers to Joshua Kushner and Bob Iger for $12.5 billion
Summary

Mark Walter has sold the Los Angeles Lakers to Joshua Kushner and Bob Iger for $12.5 billion, just 14 months after acquiring a majority stake at a valuation of $10 billion. The quick sale, coming amid reports of investigations into Walter's financial disclosures, raised surprise among league officials. The Buss family retains a 15% share and Jeanie Buss remains the official governor of the team for at least five years. Luka Doncic, committed to the Lakers, expressed excitement for the upcoming season and the team's potential.

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Yahoo Sports
Key Details
  • •Walter sold the Lakers for $12.5 billion after buying them for $10 billion
  • •Kushner and Iger plan to honor existing agreements with the Buss family
  • •No immediate changes are expected for the team's roster or management
  • •Luka Doncic reaffirms commitment to the Lakers for the upcoming season
  • •Sale occurs while Walter faces investigations into financial dealings
Latest Updates
  • 3:35 AMYahoo Sports — Everything we know so far about shocking sale of Los Angeles Lakers: Why now? Potential impacts?
What they're saying
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Don't expect this to mean changes in the front office or on the court, at least not in the short term.

Related Teams & Leagues
Los Angeles LakersNBABasketball

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