Lakers To Be Sold To Josh Kushner, Bob Iger For Record $12.5 Billion
On Wednesday, August 12, 2026, reports said the Los Angeles Lakers will be sold to Josh Kushner and Bob Iger for $12.5 billion in Los Angeles.[1]
The reported price would set a record for an NBA franchise, and the transaction must be approved by the NBA Board of Governors at a meeting next month in New York.[1] Kushner and Iger issued a joint statement pledging to build on the legacy of Jerry and Jeanie Buss and to serve the team, its fans and Los Angeles.[1]
Mark Walter bought controlling interest in the Lakers less than a year ago at a $10 billion valuation before agreeing to this sale.[1] Walter is under federal investigation in the Southern District of New York over whether $16 billion in life-insurance-company loans were improperly directed to his affiliated companies; no charges have been filed.[1]
The deal will not be final until the NBA board votes to approve the transaction at its upcoming meeting, and that vote will determine the timeline for any ownership transition.
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📌 Key Facts
- On Wednesday, August 12, 2026, reports said the Los Angeles Lakers will be sold to Josh Kushner and Bob Iger for $12.5 billion.
- Current majority owner Mark Walter bought controlling interest in the Lakers less than a year ago at a $10 billion valuation before agreeing to this sale.
- The transaction requires approval by the NBA Board of Governors, with the next meeting slated for next month in New York.
- Walter is under federal investigation in the Southern District of New York over whether $16 billion in life-insurance-company loans were improperly directed to his affiliated companies; no charges have been filed.
- Kushner and Iger issued a joint statement pledging to build on the legacy of Jerry and Jeanie Buss and to serve the team, its fans and Los Angeles.
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