Josh Kushner, Bob Iger, buying Los Angeles Lakers for record $12.5bn

Billionaire Mark Walter’s sale of the NBA’s Lakers is a record-breaking valuation for a North American sports franchise.Published On 12 Aug 202612 Aug 2026Venture capitalist Josh Kushner and former Disney CEO Bob Iger are set to buy the Los Angeles Lakers, with the ⁠deal valued at a record $12.5bn, according to sources familiar with the matter, on Wednesday.Billionaire Mark Walter purchased a majority stake in the NBA team last year in a deal that valued the club at $10bn, with the deal only having been approved by the board of governors in October.Recommended Stories list of 4 itemslist 1 of 4Argentina’s Messi not certain to play ‘much longer’ after father’s deathlist 2 of 4Football superstar Cristiano Ronaldo marries long-term partner in Portugallist 3 of 4Barca eye three-peat as Mourinho back at Madrid in new La Liga seasonlist 4 of 4Pogba suffers new injury setback with Monaco future now in doubtend of listWalter’s ⁠financial empire faces a federal probe, according to reports last month, examining links between investments held by his insurers and affiliates. Walter is also the owner of Major League Baseball’s Los Angeles Dodgers.“As lifelong NBA fans, we are deeply honored for...