**LA Lakers to be Sold in Record $12.5 Billion Deal**
The Los Angeles Lakers, one of the most storied franchises in NBA history, are set to be sold for a staggering $12.5 billion, marking a record-breaking transaction in the sports industry. This sale comes less than a year after Mark Walter acquired a majority stake in the team.
The new buyers, Josh Kushner and Bob Iger, are prominent figures in their respective fields. Kushner is known for being the brother of Jared Kushner, who is the son-in-law of former U.S. President Donald Trump. Iger, on the other hand, is the former chief executive officer of The Walt Disney Company, a position he held for over 15 years and during which he significantly expanded Disney's media empire.
Mark Walter, who previously purchased his stake in the Lakers from the Buss family for an estimated $10 billion, had his acquisition approved unanimously by the NBA Board of Governors in October 2025. The sale to Kushner and Iger represents a significant increase in valuation for the franchise in a relatively short period.
In a joint statement, Kushner and Iger expressed their excitement about the acquisition, stating, "As lifelong NBA fans, we are deeply honoured for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world." They also acknowledged the leadership of Jerry and Jeanie Buss, who have played pivotal roles in the team's success and legacy.
The Lakers, based in Los Angeles, California, have a rich history in the NBA, including numerous championships and a roster that has featured some of the greatest players in basketball history. The franchise's popularity and cultural significance contribute to its high valuation, making it a sought-after asset in the sports world.
As the sale progresses, both fans and analysts will be closely watching how the new ownership plans to build upon the team's legacy and what changes, if any, might come to the franchise in the future. The commitment to "compete at the highest level" and serve the team and its fans suggests a focus on maintaining the Lakers' competitive edge in the league.
This monumental deal not only underscores the financial power of the NBA but also highlights the increasing value of sports franchises in the global market. The Lakers' sale is likely to set a precedent for future transactions in professional sports, as teams continue to attract significant investments from high-profile individuals and groups.
As the news unfolds, further details about the sale and its implications for the Lakers and the NBA will be anticipated by fans and stakeholders alike.