Los Angeles Lakers sold to Bob Iger, Josh Kushner for $12 billion
The record deal would give the pair control of one of the NBA’s most valuable teams, pending approval from league owners.
- On Wednesday, businessman Josh Kushner and former Disney executive Bob Iger agreed to purchase the Los Angeles Lakers for more than $12 billion, according to ESPN reports.
- The sale follows billionaire Mark Walter's acquisition of a controlling interest in the Lakers last October for $10 billion, marking rapid ownership transition for the historic franchise.
- Jerry Buss purchased the Lakers in 1979, and the Buss family controlled the franchise for 46 years before Walter's 2025 acquisition ended their long-term ownership legacy.
- In a joint statement, Kushner and Iger expressed respect for Jerry and Jeanie Buss, committing to build on the foundation of the Los Angeles Lakers.
- Kushner, founder of Thrive Capital, recently became a key figure in a private equity fracas involving FIFA's plans to sell minority stakes at $20 billion valuation.
570 Articles
570 Articles
How Bob Iger Snatched the Lakers in a Shocking $12.5 Billion Deal
It was a quintessential, headline-making Bob Iger deal. Only this one wasn’t for the Walt Disney Co. Iger stunned both the sports and entertainment worlds on Wednesday after securing a deal to acquire a majority stake in the Los Angeles Lakers, valuing the franchise at a record-breaking $12.5 billion. Iger and Thrive Capital’s Josh Kushner were already reportedly on the hunt for an NBA team, initially eyeing the planned expansion team in Las Ve…
Iger and Kushner agree to buy Lakers for $12.5 billion
The proposed $12.5 billion purchase of the Los Angeles Lakers by former Disney CEO Bob Iger and venture capitalist Josh Kushner would put an extraordinary price on control of one of professional sports’ most recognizable franchises. The transaction is especially notable because Mark Walter only took majority control of the Lakers last October. His deal, announced just over a year ago, valued the franchise at $10 billion, although he did not acqu…
Josh Kushner in spotlight after record $12.5b deal to buy Los Angeles Lakers with Bob Iger Buy
LOS ANGELES: For a billionaire and a tech investor who also has one of the U.S.' best-known surnames, Josh Kushner has managed to stay off the front pages and out of the world's broader discourse to a remarkable degree.That's all changed this summer, at least in the parts of the world with a passion for sports.The 41-year-old Kushner and his partner, former Disney CEO Bob Iger, reached a stunning agreement this week to buy the NBA's Los Angeles …
Santa Maria Times
ClarinLOS ANGELES (AP) — Josh Kushner, a billionaire and technology investor who also bears one of the best-known surnames in the United States, had managed to stay out of the covers and the global public discourse to some extent.
What To Know About New Lakers Owner Josh Kushner’s Politics
Topline Josh Kushner, the younger brother of Jared Kushner, President Donald Trump’s son-in-law and adviser, has raised speculation lately about how his connection to Trump might have aided his sports financing deals—but based on what’s publicly known about his politics, they differ greatly from his brother’s. Key Facts Kusher, along with former Disney CEO Bob Iger, bought majority ownership in the Lakers, it was announced Wednesday, weeks afte…
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