LA Lakers To Be Sold In Record $12.5bn Deal

LA Lakers 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 Read More... The post LA Lakers To Be Sold In Record $12.5bn Deal appeared first on DailyGuide Network .

dailyguidenetwork.com ·1d ago

The Los Angeles Lakers are set to undergo a record-breaking sale for a reported $12.5 billion. This staggering sum, equal to £9.3 billion, marks one of the most significant transactions in sports history. Mark Walter, who has been the majority owner of the NBA franchise since taking a stake less than a year ago, is parting ways with his controlling interest.

The new buyers are none other than Josh Kushner and Bob Iger. Josh Kushner, the brother of Donald Trump’s daughter-in-law, Jared Kushner, joins Bob Iger, the former chief executive of Disney, in acquiring the team. Together, they will assume control of one of the world’s most celebrated sports teams.

Walter’s share of the purchase, estimated at $10 billion, was acquired from the Buss family. This deal was unanimously approved by the NBA Board of Governors in October 2025. In a joint statement, Kushner and Iger expressed their deep honor and respect for the Lakers. They emphasized their commitment to building upon the strong foundation laid by the current leadership. Their aim is to compete at the highest level while continuing to serve the team, its fans, and the city of Los Angeles.

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