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2 clusters · 251 sources · 3 days · First seen 2 days ago · Last updated about 2 hours ago

Los Angeles Lakers ownership sale

Overview

Josh Kushner and former Disney CEO Bob Iger have agreed to purchase a controlling interest in the Los Angeles Lakers for a record-breaking $12.5 billion. The deal involves the sale of Mark Walter’s majority stake and is subject to approval by the NBA Board of Governors.

This transaction follows Walter’s $10 billion acquisition of the team from the Buss family in 2025. Reports indicate that Walter’s decision to sell may be linked to financial and regulatory pressures, as federal prosecutors and the SEC examine whether certain insurers under his control adequately disclosed transactions. While Delaware regulators have required entities connected to Walter to strengthen their financial positions, Walter has not been charged with any crime.

Kushner and Iger, who previously explored an NBA expansion team in Las Vegas, stated they are honored to become stewards of the franchise. Walter expressed gratitude to the Los Angeles community, noting that the Lakers “belong to the city.”

Entities

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

Timeline

about 2 hours ago

[SPORTS] 2 sources
Los Angeles Lakers to be sold to Josh Kushner and Bob Iger for US$12.5 billion
Josh Kushner and Bob Iger have agreed to buy a controlling interest in the Los Angeles Lakers for a record US$12.5 billion from Mark Walter, pending NBA approval.
2 days ago

[SPORTS] 250 sources
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, acquiring Mark Walter’s majority stake in a second ownership change for the team in under a year.

Sources

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