Bob Iger and Josh Kushner to purchase the Los Angeles Lakers
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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