Los Angeles Lakers Sold for $12.5 Billion to Bob Iger and Josh Kushner

The Los Angeles Lakers have been sold to an ownership group led by Josh Kushner and Bob Iger for $12.5 billion, as confirmed by the businessmen to NBC News. They stated, 'As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world.' Previously, the team was sold to Mark Walter in October 2025 for approximately $10 billion. Walter expressed gratitude for the opportunity to own the team and emphasized the connection with the community and fans. The Lakers have won 17 championships, with their most recent title in 2020. Last season, the team finished fourth in the Western Conference before being eliminated by the Oklahoma City Thunder. NBA superstar LeBron James, who played for the Lakers for eight seasons, announced in July that he would be joining the Philadelphia 76ers. The team will now be led by six-time NBA All-Star Luka Dončić, who had the highest scoring average in the league last season. Kushner is the founder of Thrive Capital and a minority owner of the Miami Heat, while Iger is a former CEO of the Walt Disney Co. Walter is the CEO of Guggenheim Partners and is currently under investigation by the U.S. Attorney’s Office and the SEC for potential insurance fraud.