Summary
Bob Iger, former CEO of Disney, and businessman Josh Kushner are buying the Los Angeles Lakers basketball team for $12.5 billion. The sale still needs approval from the NBA, and the Lakers will start a new chapter after star player LeBron James recently left the team.Key Facts
- Bob Iger and Josh Kushner plan to buy the Los Angeles Lakers for $12.5 billion.
- The purchase must be approved by the NBA Board of Governors.
- Mark Walter owned the majority stake of the Lakers before this deal, buying it in 2025.
- Bob Iger was Disney’s CEO until early 2026 and re-joined Kushner’s investment firm Thrive Capital this year.
- Josh Kushner is the founder of Thrive Capital and is related to President Donald Trump’s family.
- Iger and Kushner expressed respect for the former and current Lakers owners, Jerry Buss and Jeanie Buss.
- The Lakers will start their new season on October 21, 2026, without LeBron James, who left for the Philadelphia 76ers.
- The team is based in Los Angeles and is considered an iconic sports franchise globally.
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