A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says

LOS ANGELES (AP) — The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a…

apnews.com ·6h ago

The Los Angeles Lakers are being sold for a record-breaking price of $12.5 billion to businessmen Josh Kushner and Bob Iger, according to a person familiar with the deal. This makes it the second-largest sale of a sports team in a single year, following the Charlotte Hornets sale in 2023 for $3 billion and the Boston Celtics sale in 2024 for just over $6 billion.

The Lakers were valued at $10 billion last year before the Buss family sold a controlling stake to Mark Walter in June 2025. Iger and Kushner had previously been looking into an expansion team for Las Vegas, so this acquisition allows them to bypass that process. The sale still requires approval from the NBA board of governors, which could take several weeks.

The next board meeting is scheduled for next month in New York. This $12.5 billion deal not only sets a record for U.S. pro sports but also follows a trend of NBA franchise values skyrocketing in recent years.

Written by urgent.news from Associated Press's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.