Los Angeles Lakers Reportedly Sold for $12.5 Billion
The Los Angeles Lakers basketball team has reportedly been sold for $12.5 billion to Joshua Kushner and Bob Iger.
Los Angeles, CA, August 12, 2026 —
The iconic Los Angeles Lakers basketball franchise has reportedly been sold for a staggering $12.5 billion. The reported buyers are Joshua Kushner and Bob Iger.
Details surrounding the sale have emerged, indicating a significant valuation for one of the National Basketball Association’s most storied teams. The exact terms and finalization of the deal were not immediately available.
Joshua Kushner is known as an investor and the founder of Thrive Capital. Bob Iger is the Chief Executive Officer of The Walt Disney Company. The combination of their business acumen suggests a significant new chapter for the Lakers organization.
The reported sale price of $12.5 billion marks a substantial figure in professional sports acquisitions. The Los Angeles Lakers, with their extensive history of championships and a global fanbase, have long been considered a premier asset in professional basketball.
Further information regarding the timeline for the completion of the sale and any potential changes in the team’s management or operational structure was not provided in the initial report.
Story summarized from the original created by Google News on news.google.com, see more information here.
