A controlling stake in the Los Angeles Lakers will be sold for a record $12.5 billion
A controlling stake in the NBA’s Los Angeles Lakers is set to be sold to Josh Kushner and former Disney CEO Bob Iger for $12.5 billion. According to BBC Sport, this could be a record-breaking deal.
Josh Kushner is the brother of Jared Kushner, the son-in-law of U.S. President Donald Trump. Kushner and Iger have stated that they aim to build on the team’s legacy, compete at the highest level, and work for the team, its fans, and the city of Los Angeles.
The sale comes less than a year after Mark Walter acquired a majority stake in the Lakers from the Buss family. His deal was valued at approximately $10 billion and was also considered a record-breaking transaction. The NBA Board of Governors unanimously approved the transaction in October 2025.
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Walter, who also owns a stake in the Los Angeles Dodgers baseball team alongside Todd Bowley, called owning the Lakers a great honor and expressed confidence in the team’s future.
Jerry Buss purchased the Lakers in 1979 for $67.5 million. The deal also included the Los Angeles Kings hockey team and an arena in Los Angeles, now known as the Kia Forum. After Buss’s death in 2013, ownership passed to a trust held by his six children. The Lakers have won the NBA championship 17 times—one title fewer than the Boston Celtics, who hold the record with 18 championships.
