# Los Angeles Lakers ownership sale > Live situation record from CLSTR: https://clstr.news/situations/los-angeles-lakers-ownership-sale > Updated: 2026-08-13T23:27:19.000Z. Sources: 256. Developments: 2. 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, which is scheduled to meet in September. 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, the founder of Thrive Capital, and Iger reportedly assembled the transaction in just three days. Having previously explored an NBA expansion team in Las Vegas, the pair 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.” ## Timeline ### 2026-08-13: Los Angeles Lakers to be sold for record US$12.5 billion Josh Kushner and Bob Iger have agreed to buy the Los Angeles Lakers from Mark Walter in a record-breaking US$12.5 billion deal, pending NBA approval. 7 sources. https://clstr.news/cluster/los-angeles-lakers-to-be-sold-to-josh-kushner-and-bob-iger-for-us125-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, acquiring Mark Walter’s majority stake in a second ownership change for the team in under a year. 250 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/los-angeles-lakers-ownership-sale