LA Lakers to be sold in record $12.5bn deal
Summary
The Los Angeles Lakers basketball team will be sold for a record $12.5 billion. Josh Kushner and Bob Iger will buy the majority ownership from Mark Walter, who previously bought it from the Buss family.Key Facts
- The Lakers are being sold for $12.5 billion, a record price for a sports team.
- Josh Kushner and Bob Iger are the buyers of the controlling interest.
- Mark Walter bought a majority share less than a year ago for about $10 billion.
- The sale was approved by the NBA Board of Governors in October 2025.
- Josh Kushner is the brother of Jared Kushner, President Donald Trump’s son-in-law.
- Bob Iger is the former CEO of Disney.
- The new owners said they plan to continue building the team and support its fans.
- The Lakers are one of the most famous basketball teams in the world.
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