Los Angeles Lakers Sold to Josh Kushner and Bob Iger for Record $12.5 Billion
The Los Angeles Lakers have been sold to American businessman Josh Kushner and former Disney CEO Bob Iger for a record-breaking price of $12.5 billion, multiple sources told ESPN. This sale comes just months after Mark Walter's acquisition of a majority ownership stake was approved by the NBA Board of Governors in October 2025.
What Happened?
The sale was reportedly made possible after Kushner and Iger pivoted from their involvement in the Las Vegas expansion process to make an aggressive offer to buy the Lakers from Mark Walter. The agreement was valued at $12.5 billion, with Walter's official statement expressing his gratitude to the Buss family, players, and staff for welcoming him into the chapter.
Why It Matters for Los Angeles Lakers
The sale marks a significant shift in the team's ownership, with Kushner and Iger bringing a new perspective to the organization. As a venture capitalist, Kushner is in charge of Thrive Capital and Oscar Health, while Iger is known for his tenure as Disney CEO. The duo's involvement in the team's future remains uncertain, but their investment is expected to bring significant resources to the Lakers.
What Comes Next?
The NBA Board of Governors will reconvene to approve the sale, with the process expected to be completed in the coming weeks. The Lakers' recent form has been dismal, with a 0-5 record in their last five games, including a 110-115 loss to the Oklahoma City Thunder on May 12, 2026. As the team looks to rebuild and compete in the playoffs, the new ownership group will play a crucial role in shaping the team's direction.
The sale of the Los Angeles Lakers to Josh Kushner and Bob Iger marks a new era for the NBA team, with the duo's investment expected to bring significant resources to the organization. As the team looks to rebuild and compete in the playoffs, the new ownership group will play a crucial role in shaping the team's direction.