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Los Angeles Lakers to be sold for record $12.5 billion

Businessmen Josh Kushner and Bob Iger have reached an agreement to purchase a controlling interest in the Los Angeles Lakers from Mark Walter. The transaction is valued at approximately $12.5 billion, setting a new record for the sale of a North American professional sports franchise.

This sale marks the second ownership change for the Lakers in less than a year, following Walter’s $10 billion acquisition of the team from the Buss family in October 2025. Reports suggest that Walter’s decision to sell may be linked to financial and regulatory pressures involving his business empire, including inquiries by federal prosecutors and the SEC.

The deal, which was reportedly assembled in just three days, remains subject to approval from the NBA Board of Governors. While the Lakers change hands, Mark Walter is expected to retain ownership of the Los Angeles Dodgers. The new ownership group has expressed a long-term commitment to the franchise and its community.

Entities

Bob Iger · Josh Kushner · Los Angeles Lakers · Mark Walter · NBA

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Sources

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