Josh Kushner and Bob Iger Buying LA Lakers for $12.5bn 2026

Josh Kushner and Bob Iger are buying the Los Angeles Lakers for a record-breaking $12.5bn, according to ESPN. The deal, which would be the highest valuation ever for an NBA franchise, is pending approval by the league's board of governors. This acquisition marks a significant shift in ownership for one of the most iconic teams in professional sports.

Record-Breaking Lakers Sale: Details and Key Players

The reported purchase price of $12.5bn surpasses the previous NBA record set by Mark Walter, who acquired a majority stake in the Lakers last year for $10bn. Kushner, a prominent venture capitalist, and Iger, former CEO of Disney, are teaming up to take control of the franchise. Their statement expressed deep honor and commitment to the team's legacy, acknowledging the leadership of Jerry and Jeanie Buss.

Who Are Josh Kushner and Bob Iger?

Josh Kushner is the founder of Thrive Capital and the younger brother of Jared Kushner, Donald Trump's son-in-law. Bob Iger led Disney for over a decade, overseeing major acquisitions like Pixar, Marvel, and Lucasfilm. Their combined business acumen and entertainment industry experience could bring new opportunities to the Lakers.

Mark Walter's Role and the Buss Family Legacy

Mark Walter, CEO of TWG Global, is selling his majority stake after just one year. Walter's holding company also owns the Los Angeles Dodgers, Chelsea FC, and the L.A. Sparks. He thanked the Buss family and fans, but his tenure has been clouded by a federal investigation into tax fraud, which he denies. The Buss family, led by Jeanie Buss, will retain a minority ownership role.

NBA Approval Process and Timeline

Any sale of an NBA team requires approval from the league's board of governors. The next meeting is scheduled for September, where the deal is expected to be reviewed. If approved, the transaction would close shortly thereafter, making Kushner and Iger the new stewards of the Lakers.

Comparison of Recent NBA Franchise Sales

Key Takeaways from the Lakers Sale News

• The $12.5bn valuation is the highest in NBA history, reflecting the Lakers' global brand and market size.
• Kushner and Iger bring a mix of tech investment and entertainment experience to the franchise.
• The deal still needs NBA board approval, which could take several months.
• Mark Walter's exit comes amid legal scrutiny, but he maintains his innocence.
• The Buss family remains involved, ensuring continuity of the team's storied culture.

Impact on the NBA and Los Angeles

The sale could set a new benchmark for franchise valuations across the league. The Lakers' success on and off the court, with a rich history of championships and star players, makes them a prime asset. Fans in Los Angeles can expect continued investment in the team's roster and facilities under new ownership.

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