# Los Angeles Lakers ownership sale and legal dispute > Live situation record from CLSTR: https://clstr.news/situations/20260814-los-angeles-lakers-ownership-sale > Updated: 2026-09-21T05:06:03.000Z. Sources: 380. Developments: 11. The ownership transition of the Los Angeles Lakers has reached a milestone with a record-breaking $12.5 billion sale agreement. In August 2026, an investment group led by Bob Iger and Josh Kushner agreed to acquire the franchise from Mark Walter, who reportedly realized a $2.5 billion profit after roughly 14 months of ownership. While Jeanie Buss is expected to remain as the team’s governor, the transition has intensified a legal and familial dispute. On August 25, 2026, Jeanie Buss filed a 97-page petition in Los Angeles Superior Court to block her five siblings from selling their shares, accusing them of “devious” behavior and attempting to remove her as governor. The legal battle faced a delay when the court hearing, intended to resolve conflicts between the family trust and the sale agreement, was rescheduled to December 8. Despite the ongoing litigation, the incoming ownership group is moving forward with aggressive financial projections. Through Kushner’s firm, Thrive Capital, the group is presenting plans to increase the franchise's valuation to $30 billion by 2037, with some projections suggesting potential paths to $62 billion under favorable conditions. A primary driver of this strategy is a significant increase in ticket revenue, achieved by reclaiming approximately 6,000 season tickets from brokers to facilitate direct single-game sales. This move is projected to raise average single-game ticket prices from roughly $217 to $361, potentially generating $150 million in additional revenue by 2028. Additionally, the group aims to expand media rights, sponsorships, and global fan monetization, projecting annual revenue could rise from $681 million in 2026 to over $1.6 billion by 2037. ## Claims - Jeanie Buss will lose her role as Lakers governor because she will no longer meet the 15 percent ownership threshold. (disputed by 16 sources) - Jeanie Buss will maintain her role as governor of the team. (disputed by 3 sources) - The transaction to acquire a majority stake in the Los Angeles Lakers is valued at $12.5 billion. (corroborated by 32 sources) - Bob Iger and Josh Kushner are leading a group to acquire a majority stake in the Lakers from Mark Walter. (corroborated by 30 sources) - The Buss Family Trust intends to sell its remaining 17.8 percent stake in the Los Angeles Lakers to a group led by Bob Iger. (corroborated by 27 sources) - Jeanie Buss's attorney argues that a 2017 court ruling requires the consent of co-trustees Jeanie, Janie, and Joey Buss for any sale of the family trust's stake. (corroborated by 26 sources) - Five of the six Buss siblings—Johnny, Jimmy, Janie, Joey, and Jesse—have voted to sell the family's remaining 17.8 percent stake. (corroborated by 22 sources) - Mark Walter previously purchased a majority stake in the Lakers for $10 billion last year. (corroborated by 21 sources) - The Lakers deal represents the highest ever valuation for a team sports sale. (corroborated by 21 sources) ## Timeline ### 2026-09-21: Lakers ownership group targets $30 billion valuation in $12.5 billion deal Bob Iger and Joshua Kushner have agreed to purchase the Los Angeles Lakers for a record $12.5 billion, aiming for a $30 billion valuation by 2037 through media rights and ticket restructuring. 3 sources. https://clstr.news/cluster/lakers-ownership-group-targets-30-billion-valuation-in-125-billion-deal ### 2026-09-18: Los Angeles Lakers owners target $30 billion valuation New Los Angeles Lakers owners Joshua Kushner and Bob Iger aim to boost the franchise's value to $30 billion by 2037, targeting significant increases in ticket prices and media rights revenue. 6 sources. https://clstr.news/cluster/los-angeles-lakers-owners-target-30-billion-valuation ### 2026-09-16: Los Angeles Lakers sold for $12.5 billion to Iger and Kushner-led group The Los Angeles Lakers have been sold for $12.5 billion to a group led by Bob Iger and Josh Kushner, following a vetting process by the NBA that Commissioner Adam Silver described as finding ‘no red flags’. 6 sources. https://clstr.news/cluster/los-angeles-lakers-sold-for-125-billion-to-iger-and-kushner-led-group ### 2026-09-04: Jeanie Buss legal battle over Lakers ownership sale rescheduled Jeanie Buss's legal petition to block her siblings from selling the Lakers' minority stake has been rescheduled to Dec. 8 in Los Angeles Superior Court. 4 sources. https://clstr.news/cluster/jeanie-buss-legal-battle-over-lakers-ownership-sale-rescheduled ### 2026-08-31: Jeanie Buss disputes siblings' sale of Los Angeles Lakers interest Jeanie Buss is petitioning to block her siblings from selling the family's stake in the Los Angeles Lakers, a move that could strip her of her role as team governor under NBA ownership rules. 2 sources. https://clstr.news/cluster/jeanie-buss-disputes-siblings-sale-of-los-angeles-lakers-interest ### 2026-08-25: Jeanie Buss sues siblings to block sale of Lakers stake Jeanie Buss has filed a lawsuit to block her siblings from selling the family's remaining 17.8% stake in the Los Angeles Lakers to a group led by Bob Iger and Joshua Kushner. 20 sources. https://clstr.news/cluster/adam-silver-may-intervene-in-lakers-ownership-dispute ### 2026-08-22: Jeanie Buss challenges siblings' plan to sell Lakers minority stake Jeanie Buss is challenging her siblings' decision to sell the Buss family's 17.8% stake in the Los Angeles Lakers, a move that could strip her of her role as team governor. NBA Commissioner Adam Silver may step 5 sources. https://clstr.news/cluster/jeanie-buss-challenges-siblings-plan-to-sell-lakers-minority-stake ### 2026-08-21: Los Angeles Lakers set for $12.5 billion sale amid Buss family dispute The Los Angeles Lakers are being sold to a group led by Bob Iger and Josh Kushner for $12.5 billion, amid a legal battle between Jeanie Buss and her siblings over the family's remaining 17.8% stake. 4 sources. https://clstr.news/cluster/los-angeles-lakers-sold-for-record-125-billion-to-iger-and-kushner ### 2026-08-16: Jeanie Buss contests family vote to sell remaining Lakers stake Jeanie Buss is legally challenging her siblings' decision to sell the family's remaining 17.8% stake in the Los Angeles Lakers to a group led by Bob Iger and Josh Kushner in a $12.5 billion deal. 113 sources. https://clstr.news/cluster/los-angeles-lakers-ownership-transition-to-bob-iger-and-josh-kushner ### 2026-08-14: Los Angeles Lakers sold for record $12.5 billion to Bob Iger and Josh Kushner The Los Angeles Lakers have been sold for a record $12.5 billion to a group led by Bob Iger and Josh Kushner, ending Mark Walter’s ownership and triggering potential management changes. 47 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 and legal dispute. CLSTR, https://clstr.news/situations/20260814-los-angeles-lakers-ownership-sale