{
  "id": 691042,
  "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",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-12T18:26:59.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/la-lakers-to-be-sold-in-record-12-5bn-deal/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "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": "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": "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": "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."
}