Back to MomentsdevelopingNBA•news•Updated 8/12/2026, 6:58:45 PM
Lakers Sell for $12.5 Billion to Kushner & Iger
The Lakers sell for second time in two years to Josh Kushner and Bob Iger in a record-shattering deal.
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Reviewed by Unleeshed editorsLos Angeles Lakers Sold Again for Record $12.5 Billion
- 1The Los Angeles Lakers have been sold to an ownership group led by Josh Kushner and Bob Iger in a deal valued at $12.5 billion, setting a new record for NBA franchise sales.
- 2This sale marks the second time in less than a year the Lakers have changed owners, with Mark Walter selling his majority stake just after acquiring the team in October 2025.
- 3Lakers were sold amid a federal law enforcement probe into the financials of Walter and his companies.
- 4Mark Walter acknowledged his brief but impactful ownership tenure, praising the Lakers' community and affirming confidence in the team's future under new stewardship.
- 5The Lakers are one of the NBA's most iconic franchises with 17 championships, most recently in 2020, and remain a highly valuable sports asset in the global market.
- 6Bob Iger and Joshua Kushner have previous business partnerships, including Iger's involvement with Thrive Capital, linking their joint ownership bid to a broader business relationship.
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