Lakers Sold for Record $12.5 Billion to Kushner and Iger

The Los Angeles Lakers are reportedly up for sale for a record-breaking $12.5 billion, less than a year after Mark Walter acquired a majority stake in the franchise. The controlling interest is being purchased by Josh Kushner, brother of Jared Kushner, and former Disney CEO Bob Iger.

Walter had previously bought his share for an estimated $10 billion from the Buss family, a deal approved by the NBA Board of Governors in October 2025. Kushner and Iger expressed their honor in becoming stewards of the Lakers, one of the most iconic sports franchises globally.

The Lakers, who have won 17 NBA titles, were originally purchased by Jerry Buss in 1979 for $67.5 million, which included the Los Angeles Kings hockey team and the Kia Forum arena. Following Buss's death in 2013, ownership passed to his six children before the deal with Walter was finalized.

The current sale comes amid Kushner's involvement in a recent controversy related to FIFA.