Josh Kushner and Bob Iger Reportedly Agree to Buy LA Lakers for Blockbuster $12.5 Billion

Josh Kushner and Bob Iger have reportedly agreed to acquire the Los Angeles Lakers in a landmark deal valued at $12.5 billion, marking a new record for the sale of a U.S. professional sports franchise. The venture capitalist and former Disney CEO are purchasing the iconic NBA team from Mark Walter, who had only held majority ownership for just over a year.

This blockbuster transaction follows Walter's acquisition of the Lakers from the Buss family approximately 14 months ago for $10 billion. Jeanie Buss is expected to maintain her role as the team's governor for at least five more years, ensuring continued Buss family influence in the franchise. The sale is still subject to approval by the NBA's Board of Governors.