Bob Iger and Josh Kushner Acquire Los Angeles Lakers for Record $12.5 Billion

The Los Angeles Lakers have been sold for a record $12.5 billion to a group led by former Disney CEO Bob Iger and billionaire investor Josh Kushner, according to multiple reports. The deal, announced on August 12, 2026, transfers controlling interest from Mark Walter, who had owned the team for only two years. The sale price is the largest ever for an American sports franchise, surpassing previous records and valuing the Lakers at a historic premium. The new ownership group brings a mix of Hollywood pedigree and tech investment experience, with Iger's entertainment background and Kushner's venture capital expertise expected to shape the franchise's future direction.