{
  "id": 678137,
  "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",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-12T15:22:47.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/sports/los-angeles-lakers-sold-for-record-breaking-12-billion-to-bob-iger-and-josh-kushner"
  },
  "original_language": "en",
  "account": "American businessman Bob Iger and Josh Kushner have purchased the Los Angeles Lakers in a deal valued at approximately $12.5 billion, setting a record for the most expensive sports team sale. The two announced their intentions to take ownership of the storied franchise in a joint statement, expressing their honor to become stewards of the NBA's most famous team. The acquisition has the support of Magic Johnson, who congratulated Iger and Kushner on their purchase. Kushner, a co-founder of Thrive Capital and a minority owner of the Miami Heat, maintains a separate business career from his brother Jared, who is married to Donald Trump's daughter. The Lakers' new owners were previously involved in Las Vegas expansion talks but have now focused their efforts on the storied franchise. The acquisition still requires approval from the NBA, which comes just a year after Mark Walter's $10 billion purchase of a controlling stake in the team.",
  "summary": "Bob Iger, the former CEO of The Walt Disney Company, and businessman Josh Kushner have agreed to buy the Los Angeles Lakers in a deal that values the NBA franchise at around $12.5 billion. The transaction, reported by ESPN and confirmed by other major outlets, would set a new record for the sale of a sports team. Iger and Kushner confirmed the deal in a joint statement, saying they were honoured…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "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": "Associated Press",
        "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",
        "published": "2026-08-12T15:23:02.000Z"
      },
      {
        "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."
}