sports business•Thu, August 13, 2026•4 min read

The $12.5 Billion Pivot: Why Bob Iger and Josh Kushner Just Bought the Lakers

In a stunning move that has shaken the sports world, the Los Angeles Lakers have been sold for a record-breaking $12.5 billion. New owners Bob Iger and Josh Kushner take over just one year after the franchise was previously purchased for $10 billion. This acquisition marks a major strategic shift for the duo, who had previously been linked to potential NBA expansion efforts in Las Vegas.

A Historic Valuation

The landscape of NBA ownership has shifted once again, and at an unprecedented pace. Barely 14 months after businessman Mark Walter purchased the Los Angeles Lakers for a then-record $10 billion, the historic franchise is changing hands again. This time, the deal is valued at $12.5 billion, cementing the Lakers as one of the most valuable assets in professional sports.

From Expansion Aspirations to Iconic Ownership

The move is particularly notable given the intentions of the new ownership group. Former Disney CEO Bob Iger and investor Josh Kushner—who currently holds a minority stake in the Miami Heat—had reportedly been exploring the possibility of launching an NBA expansion franchise in Las Vegas. Instead, the pair pivoted to secure one of the league's most storied brands.

Record-breaking $12.5 billion valuation for the Lakers.
Mark Walter exits after only 14 months of ownership.
New owners Iger and Kushner emphasize commitment to the franchise's long-term legacy.
The purchase price reflects a significant appreciation in value over the previous $10 billion sale in 2025.

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. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.
— Bob Iger and Josh Kushner

What Comes Next?

In a statement following the announcement, the incoming owners expressed their deep respect for the leadership of Jerry and Jeanie Buss. While the rapid turnover of ownership has surprised some market observers, the transaction highlights the insatiable demand for top-tier sports assets. For fans, the focus remains on the court, as the new ownership group looks to maintain the Lakers' competitive edge in an increasingly expensive and high-stakes NBA environment.

Key Takeaways

The Los Angeles Lakers have been sold for $12.5 billion to Bob Iger and Josh Kushner.
The sale comes only 14 months after the team was sold to Mark Walter for $10 billion.
Iger and Kushner previously considered an NBA expansion team in Las Vegas before acquiring the Lakers.
The $12.5 billion price tag sets a new benchmark for North American sports franchise valuations.
The new ownership team has publicly committed to building upon the legacy of the Buss family.

FAQ

Who bought the Los Angeles Lakers?

The Lakers were purchased by an ownership group led by former Disney CEO Bob Iger and investor Josh Kushner.

How much was the Lakers sale for?

The sale was valued at $12.5 billion.

Who was the previous owner of the Lakers?

The team was previously owned by businessman Mark Walter, who purchased the franchise in October 2025.

Is this a record-breaking deal?

Yes, the $12.5 billion valuation sets a new high for the sale of a North American sports franchise.