{
  "id": 674783,
  "title": "A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says",
  "url": "https://urgent.news/2026/08/12/a-blockbuster-12-5b-deal-as-josh-kushner-and-bob-iger-buy-the-los",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-12T15:23:02.000Z",
  "source": {
    "name": "Associated Press",
    "slug": "associated-press",
    "url": "https://apnews.com/article/lakers-sale-kushner-iger-12-billion-d5058bb845d87873e23e270a6bb9be9f"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [
    "Josh Kushner and Bob Iger buy Los Angeles Lakers for $12.5B",
    "Sets record as second-largest sports team sale of the year",
    "Iger and Kushner bypass Las Vegas expansion process"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/674783.png",
  "coverage": {
    "outlets": 12,
    "also_reported_by": [
      {
        "outlet": "CBC News",
        "title": "Los Angeles Lakers being sold for blockbuster $12.5B deal to businessmen Kushner, Iger: reports",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-being-sold-for-blockbuster-12-5b-deal-to",
        "published": "2026-08-12T15:08:10.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Josh Kushner, Bob Iger to buy Los Angeles Lakers for record US$12.5 billion",
        "url": "https://urgent.news/2026/08/12/josh-kushner-bob-iger-to-buy-los-angeles-lakers-for-record-us-12-5",
        "published": "2026-08-12T15:12:00.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Los Angeles Lakers Sold For Record-Breaking $12 billion To Bob Iger And Josh Kushner",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-sold-for-record-breaking-12-billion-to-bob-iger",
        "published": "2026-08-12T15:22:47.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Is Josh Kushner a Democrat? All on Jared Kushner brother's political affiliation amid Lakers purchase deal",
        "url": "https://urgent.news/2026/08/12/is-josh-kushner-a-democrat-all-on-jared-kushner-brothers-political",
        "published": "2026-08-12T15:31:36.000Z"
      },
      {
        "outlet": "BBC News",
        "title": "LA Lakers to be sold in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/la-lakers-to-be-sold-in-record-12-5bn-deal",
        "published": "2026-08-12T16:11:04.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-to-be-sold-to-bob-iger-josh-kushner-for-12-5",
        "published": "2026-08-12T16:51:43.000Z"
      },
      {
        "outlet": "Punch Nigeria",
        "title": "Iger, Kushner to buy Los Angeles Lakers in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/iger-kushner-to-buy-los-angeles-lakers-in-record-12-5bn-deal",
        "published": "2026-08-12T17:38:52.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "LA Lakers to be sold in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/la-lakers-to-be-sold-in-record-12-5bn-deal-691042",
        "published": "2026-08-12T18:26:59.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Josh Kushner, Bob Iger, buying Los Angeles Lakers for record $12.5bn",
        "url": "https://urgent.news/2026/08/12/josh-kushner-bob-iger-buying-los-angeles-lakers-for-record-12-5bn",
        "published": "2026-08-12T20:04:24.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop",
        "url": "https://urgent.news/2026/08/12/la-lakers-sold-in-record-17-7b-deal-as-trump-associate-and-former",
        "published": "2026-08-12T20:11:06.000Z"
      },
      {
        "outlet": "The Age",
        "title": "LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop",
        "url": "https://urgent.news/2026/08/12/la-lakers-sold-in-record-17-7b-deal-as-trump-associate-and-former-701350",
        "published": "2026-08-12T20:11:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}