Josh Kushner and Bob Iger’s $12 Billion Lakers Deal: 5 Things You Need to Know
Summary
Josh Kushner and Bob Iger have agreed to buy the Los Angeles Lakers for more than $12 billion, less than a year after the team was sold for $10 billion. The deal, pending NBA approval, shows the rising value of top sports teams and how they are now seen as valuable financial assets.Key Facts
- The Lakers were sold for over $12 billion, which is about 20% more than the $10 billion paid nine months earlier.
- The Boston Celtics were sold for $6.1 billion in August 2025, making the Lakers' new price nearly twice that.
- The sale marks a quick change in ownership after 46 years of the Lakers being controlled by the Buss family.
- Mark Walter bought the Lakers in October 2025 and may sell them again within a year.
- The high sale price highlights the strong market value of the Lakers, due to their location, history, and global following.
- Josh Kushner has been expanding his investments in sports, including Major League Baseball and NBA teams.
- Kushner is President Donald Trump’s brother-in-law, which has drawn some political attention but no direct links to the transaction.
- The deal reflects a trend where top sports franchises are seen more like rare financial assets that can be sold quickly for profit.
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