NBA: Los Angeles Lakers Sold Again For $12.5 Billion
Written by Tariq on August 13, 2026
The Los Angeles Lakers are being sold for the second time in a year, going to businessmen Josh Kushner and Bob Iger for a record-breaking price. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details of the latest stunning development with one of North America’s marquee sports teams.
ESPN first reported that Kushner and Iger are buying the NBA’s most valuable franchise. The Lakers were valued last year at $10 billion — a record for a pro sports team — when Mark Walter purchased a controlling stake from the Buss family, which had owned the team since 1979. “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Iger and Kushner said in a statement. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. 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.”
Kushner, a venture capitalist, and former Walt Disney Company CEO Iger had been working together on landing a possible NBA expansion team for Las Vegas. By buying the Lakers, they don’t have to wait until the possibility of expansion in the 2028-29 season at the earliest. Lakers icon Magic Johnson, a partner in Walter’s ownership of baseball’s Los Angeles Dodgers, praised the deal on social media.
Source: AP News
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