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

Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12.5bn, a record-breaking deal that reshapes NBA ownership. The reported acquisition, first revealed by ESPN, marks a historic shift for one of the most iconic franchises in sports.

The Record-Breaking Lakers Deal

According to sources with knowledge of the transaction, billionaire Mark Walter, who acquired a majority stake from the Buss family last year at a $10bn valuation, is now selling to Kushner and Iger. The deal, which values the team at $12.5bn, is pending approval by the NBA's board of governors, with the next meeting scheduled for September.

In a joint statement, Kushner and Iger expressed their commitment: "As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles."

Key Figures in the Transaction

Josh Kushner, the younger brother of Jared Kushner, is a prominent venture capitalist and founder of Thrive Capital. Bob Iger, former CEO of Disney, brings extensive media and entertainment experience. Together, they represent a new era of ownership for the Lakers.

Mark Walter, CEO of TWG Global, which also owns the Los Angeles Dodgers, Chelsea FC, and other teams, thanked the Buss family and fans. He is currently under federal investigation for alleged tax fraud, which he denies.

Financial Comparison: Lakers Valuation Over Time

The $12.5bn price tag sets a new record for an NBA franchise, surpassing the previous high. This reflects the Lakers' global brand, strong market presence, and potential for revenue growth.

What This Means for the Lakers and the NBA

The sale signals a trend of high-profile investors entering sports ownership. Kushner and Iger's combined expertise in technology, media, and entertainment could drive innovative fan engagement and international expansion.

However, the deal must still pass the NBA's board of governors. Any objections could delay or alter the final outcome. The league's approval process typically evaluates financial stability and ownership suitability.

Key Takeaways

• Record $12.5bn valuation for the Lakers, up from $10bn in 2024.
• Josh Kushner and Bob Iger are the prospective buyers, pending NBA approval.
• Mark Walter, current majority owner, is selling after less than a year.
• The deal highlights the growing intersection of tech, media, and sports.
• Approval expected at the next NBA board of governors meeting in September.

FAQ

The acquisition of the Los Angeles Lakers by Josh Kushner and Bob Iger represents a landmark moment in sports business. As the NBA continues to grow globally, this deal underscores the immense value of premier franchises. Fans and analysts alike will watch closely as the ownership transition unfolds.

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