# Los Angeles Lakers ownership sale

> Live situation record from CLSTR: https://clstr.news/situations/20260814-los-angeles-lakers-ownership-sale
> Updated: 2026-08-14T08:00:53.000Z. Sources: 271. Developments: 2.

An investment group led by Bob Iger and Josh Kushner has 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, establishing a new record for the sale of a North American professional sports franchise.

The sale follows Walter’s $10 billion acquisition of the team from the Buss family in October 2025. This latest transaction represents a $2.5 billion profit for Walter in a short period. Industry experts view this rapid appreciation as a benchmark for a ‘sports gold rush’ driven by high fan engagement and rising media rights. While the Lakers change hands, Walter is expected to retain ownership of the Los Angeles Dodgers and the Cadillac Formula 1 team.

The deal remains subject to approval from the NBA Board of Governors. Following the acquisition, speculation has surfaced regarding potential leadership changes, with reports suggesting retired player Chris Paul may be considered for a role on the club’s board due to his relationship with Iger. Additionally, Lakers player Luka Dončić has expressed excitement regarding the new ownership, stating he looks forward to working with Kushner and Iger to build a championship-caliber team.

## Claims

- Mark Walter previously purchased a majority stake in the Lakers for $10 billion last year. (disputed by 5 sources)
- Mark Walter sold his stake in the Lakers for $12.5 billion. (disputed by 2 sources)
- Josh Kushner and Bob Iger are the purchasers of the team. (corroborated by 5 sources)
- The sale is pending approval from the NBA Board of Governors. (corroborated by 2 sources)
- Mark Walter's TWG Global will maintain its ownership of the Los Angeles Dodgers and the Cadillac F1 team. (corroborated by 2 sources)
- The Lakers deal represents the highest ever valuation for a team sports sale. (single source)
- Chris Paul is being considered for a role in the Lakers' management. (single source)

## Timeline

### 2026-08-14: Los Angeles Lakers to be sold for record $12.5 billion

Bob Iger and Joshua Kushner have agreed to purchase the Los Angeles Lakers for a record $12.5 billion, marking a massive valuation increase from Mark Walter's $10 billion purchase last year.

10 sources. https://clstr.news/cluster/bob-iger-and-josh-kushner-to-buy-los-angeles-lakers-for-125-billion

### 2026-08-11: Los Angeles Lakers to be sold for record $12.5 billion

Josh Kushner and Bob Iger have agreed to buy the Los Angeles Lakers for a record $12.5 billion from Mark Walter, pending NBA approval.

264 sources. https://clstr.news/cluster/los-angeles-lakers-to-be-sold-for-record-12-billion

---
Cite as: Los Angeles Lakers ownership sale. CLSTR, https://clstr.news/situations/20260814-los-angeles-lakers-ownership-sale