Reports Indicate Los Angeles Lakers Sold for $12 Billion
Reports suggest that the Los Angeles Lakers have been sold for $12 billion to Bob Iger and Josh Kushner.
Los Angeles, CA, August 12, 2026 —
The Los Angeles Lakers, a storied franchise in the National Basketball Association (NBA), are reportedly being sold for $12 billion. The transaction, according to available reports, involves Bob Iger and Josh Kushner as the prospective buyers.
Specific details regarding the timeline of the sale or official confirmation from the involved parties have not been provided in the reports. The reported sale price of $12 billion would represent a significant valuation for an NBA team.
Bob Iger is widely known for his long tenure as the CEO of The Walt Disney Company. Josh Kushner is a prominent investor and the founder of Thrive Capital.
The Los Angeles Lakers have a rich history in the NBA, marked by numerous championships and iconic players. Information regarding the current ownership and the specifics of the sale process was not detailed in the reports. The exact terms of the deal and the finalization process remain subject to further information.
No further information regarding the status of the sale, including any required league approvals or definitive closing dates, was made available.
Story summarized from the original created by Google News on news.google.com, see more information here.
