Lakers sold for record $12.5 billion to Kushner and Iger

Los Angeles Lakers are being sold for a record $12.5 billion to businessman Josh Kushner and former Disney CEO Bob Iger, according to multiple reports. The deal, which still requires NBA Board of Governors approval, marks the second sale of the franchise in just over a year and the highest valuation ever for a North American sports team Source: Clarin.

The deal

Mark Walter, who bought a controlling stake from the Buss family for $10 billion in October 2025, has agreed to sell to Kushner and Iger. Reports vary slightly on the exact price: most outlets cite $12.5 billion Source: ABC, while others report $12 billion Source: Portafolio. The buyers, who had previously explored acquiring an NBA expansion team in Las Vegas, said in a statement they are "deeply honored" to become "custodians" of the franchise Source: Excelsior.

Context and reaction

Walter's brief ownership comes amid a federal investigation into his business empire, which includes the Los Angeles Dodgers and a stake in Chelsea FC Source: El Confidencial. The sale has drawn reactions from players and legends: Luka Dončić welcomed the new owners, saying he hopes to "build something special" Source: Portafolio, while Magic Johnson praised the deal, calling Iger a longtime Lakers fan Source: Excelsior.

What's next

The transaction must be approved by the NBA's Board of Governors, a process that could take weeks Source: El Dia. Jeanie Buss, who has led the franchise since 2013, is expected to remain as governor for at least five years Source: Infobae. The team now looks to a future led by Dončić, following LeBron James's departure to the Philadelphia 76ers Source: Infobae.