LA Lakers to be sold in record $12.5bn deal
The Los Angeles Lakers are to be sold for a reported record-breaking $12.5bn, external (£9.3bn) - less than a year after Mark Walter took a majority stake in the NBA franchise.
The Los Angeles Lakers are set to be sold for a staggering $12.5 billion, marking a new record-breaking deal. US President Donald Trump's son-in-law Jared Kushner and former Disney CEO Bob Iger are set to assume control of one of the world's most celebrated sports teams. Walter purchased his stake, reportedly worth an estimated $10 billion, from the Buss family in October 2025, a previous record-breaking acquisition.
Kushner and Iger expressed their honor and commitment in a statement, vowing to build upon the Lakers' legacy of excellence while serving the team, its fans, and the city of Los Angeles. Jerry Buss acquired the Lakers in 1979 for $67.5 million, a deal that included the LA Kings and the iconic Kia Forum arena. Upon his death in 2013, ownership was transferred to his six children in a Trust before the Walter-Iger deal was finalized.
Walter praised the opportunity to own the Lakers, stating that the fans and community have become his most cherished aspect of the team.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Los Angeles Lakers Sold For Record-Breaking $12 billion To Bob Iger And Josh Kushner freepressjournal.in
- A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says apnews.com
- Los Angeles Lakers being sold for blockbuster $12.5B deal to businessmen Kushner, Iger: reports cbc.ca
- Iger, Kushner to buy Los Angeles Lakers in record $12.5bn deal punchng.com
- LA Lakers to be sold in record $12.5bn deal bbc.co.uk
- LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop theage.com.au
- LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop smh.com.au
- Is Josh Kushner a Democrat? All on Jared Kushner brother's political affiliation amid Lakers purchase deal hindustantimes.com
