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Sport
Los Angeles Lakers: Josh Kushner and Bob Iger buy controlling stake in $12.5 billion deal
Herz — Sport Desk · · 30s summary · 2 min read
The essentials
Josh Kushner and Bob Iger are buying the controlling stake in the Los Angeles Lakers from Mark Walter in a deal valuing the team at $12.5 billion. The price is described as a record for an NBA franchise. The sale still requires approval from the NBA Board of Governors. Walter took control in October 2025 after the board unanimously approved his purchase of a majority stake from the Buss family, an earlier transaction reportedly valuing the Lakers at about $10 billion.
- The agreement values the Los Angeles Lakers at $12.5 billion.
- Josh Kushner and Bob Iger are buying the controlling stake from Mark Walter.
- The NBA Board of Governors must still approve the sale.
- Walter took control of the Lakers in October 2025.
What we know
Josh Kushner and Bob Iger are buying the controlling stake in the Los Angeles Lakers from Mark Walter. The agreement values the franchise at $12.5 billion, according to the BBC.
The price is described as a record for a franchise in the NBA, North America's professional basketball league.
Newsweek reports that the sale still requires approval from the NBA Board of Governors, which must meet before the transaction can be cleared.
Who are the buyers?
Josh Kushner is an American businessman and the brother of Jared Kushner, US President Donald Trump's son-in-law.
Bob Iger is a former Disney chief executive. Before pursuing the Lakers deal, Kushner and Iger had participated in the NBA's expansion process in Las Vegas.
Kushner and Iger said they intend to carry forward the legacy of Jerry and Jeanie Buss, keep the Lakers competing at the highest level, and serve the team, its fans and Los Angeles.
Another sale after October 2025
In October 2025, the NBA Board of Governors unanimously approved Mark Walter's acquisition of a majority stake in the Lakers from the Buss family.
That earlier transaction reportedly valued the franchise at about $10 billion.
- October 2025The NBA Board of Governors unanimously approves Mark Walter's purchase of a majority stake from the Buss family.
- New agreementJosh Kushner and Bob Iger agree to buy the controlling stake in a deal valuing the Lakers at $12.5 billion.
- Next stepThe NBA Board of Governors must meet to approve the transaction.
The figures
$12.5 billion
Valuation of the agreement reached by Josh Kushner and Bob Iger
About $10 billion
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