Lakers sold for $12 billion to Bob Iger and Josh Kushner with former owner under federal investigation
The Los Angeles Lakers were sold to Mark Walter for $10 billion in June of 2025. Now the Lakers have been sold again one year later for $12 billion. Former Disney CEO Bob Iger and businessman Josh Kushner purchased the franchise on Wednesday, according to ESPN’s Ramona Shelburne. Iger and Kushner had been trying to […]
The Los Angeles Lakers were sold to Bob Iger and Josh Kushner for $12 billion in July 2026, one year after being purchased by Mark Walter for $10 billion in June 2025, according to ESPN’s Ramona Shelburne. Iger, the 75-year-old former CEO of Disney, and Kushner, the 41-year-old businessman and nephew of former President Donald Trump, made the acquisition despite initially attempting to buy the NBA’s expansion team in Las Vegas.
Walter, who owns both the Los Angeles Lakers and Dodgers, is currently under a federal investigation for alleged loan fraud involving $16 billion in potentially fraudulent loans. The sale was finalized in just a few days, raising concerns about the typical length of such high-stakes transactions. Kushner, who has a history of business disputes including a 2021 case where his apartment company allegedly violated consumer protection laws and charged unlawful fees, will have to divest his Miami Heat shares if this Lakers deal is to be completed.
Written by urgent.news from SB Nation's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
