Josh Kushner and Bob Iger to Buy Los Angeles Lakers in Record $12.5 Billion Deal


 

Josh Kushner and Bob Iger to Buy Los Angeles Lakers in Record $12.5 Billion Deal

The Los Angeles Lakers are reportedly being sold in a historic $12.5 billion deal led by venture capitalist Josh Kushner and former Disney CEO Bob Iger, according to multiple reports released today. If approved, the transaction would become the highest-valued sale of a sports franchise in history.

The proposed acquisition is expected to transfer a controlling stake in one of the NBA’s most iconic teams to a new ownership group led by Kushner and Iger. The deal still requires approval from the NBA’s Board of Governors before it can be finalized.

A Record-Breaking Sports Transaction

At $12.5 billion, the reported sale would surpass every previous professional sports franchise transaction, highlighting the soaring value of major global sports brands. The Lakers, with their international fan base, 17 NBA championships, and decades of commercial success, remain one of the most recognizable teams in the world.

Sports industry analysts say the deal reflects growing investor interest in elite sports organizations, particularly franchises with strong global media and merchandising appeal.

Who Are the Buyers?

Josh Kushner is the founder of investment firm Thrive Capital and has become one of the most influential venture capital investors in technology and media. Bob Iger, who served as CEO of The Walt Disney Company for many years, is widely credited with transforming Disney through major acquisitions and global expansion.

The two have previously been linked to discussions involving NBA expansion opportunities, making their move toward purchasing the Lakers a significant development in the sports business world.

What Happens Next?

Although reports indicate that an agreement has been reached in principle, the transaction is not yet complete. The NBA’s Board of Governors must review and approve the ownership change before the sale becomes official.

The Lakers are entering a period of transition both on and off the court, and a change in ownership could influence future investment, management decisions, and the franchise’s long-term direction.

A New Era for the Lakers

If the sale receives league approval, it will mark the beginning of a new chapter for one of basketball’s most storied franchises. Fans and industry observers will be watching closely to see how Kushner and Iger shape the organization’s future in an increasingly competitive NBA landscape.

Source: AP News, The Wall Street Journal, and other major U.S. media reports.

  • NBA franchise values continue to reach record highs
  • How sports teams became multi-billion-dollar global brands
  • The biggest ownership deals in NBA history

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