Report: Kushner, Iger in Record Deal to Acquire Los Angeles Lakers
Josh Kushner and Bob Iger are reportedly in the process of purchasing the Los Angeles Lakers basketball team for a record-breaking $12.5 billion, according to Al Jazeera.
Los Angeles, CA, August 12, 2026 —
Reports indicate that Josh Kushner and Bob Iger are nearing a deal to acquire the Los Angeles Lakers, a transaction that could set a new record for sports franchise valuations. The potential purchase price is reported to be $12.5 billion.
The information regarding this significant transaction comes from Al Jazeera. Details surrounding the specifics of the agreement, including timelines for finalization and any contingencies, have not been publicly disclosed by the involved parties or the news outlet.
Neither Josh Kushner nor Bob Iger have officially confirmed or denied their involvement in the reported acquisition. Representatives for Kushner and Iger have not yet issued public statements regarding the report. The Los Angeles Lakers organization has also not commented on the potential sale.
If the reported valuation of $12.5 billion proves accurate, this acquisition would represent the largest sum ever paid for a professional sports team. This figure significantly surpasses previous record-breaking deals in the sports industry.
Josh Kushner is a prominent investor and entrepreneur, co-founder of Thrive Capital. Bob Iger is the executive chairman of The Walt Disney Company, with a long history of leadership in the media and entertainment industry. The involvement of these two figures suggests a substantial investment with potentially far-reaching implications for the team and the broader sports landscape.
The Los Angeles Lakers are one of the most storied franchises in the National Basketball Association (NBA), with a global following and numerous championships. The team’s current ownership status and the process leading to a potential sale are key aspects of this developing story. Further details are expected as the situation progresses.
Story summarized from the original created by Google News on news.google.com, see more information here.
