{
  "id": 713132,
  "title": "LA Lakers to be Sold for Record-breaking $12.5bn",
  "url": "https://urgent.news/2026/08/13/la-lakers-to-be-sold-for-record-breaking-12-5bn",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T00:02:14.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/13/la-lakers-to-be-sold-for-record-breaking-12-5bn/"
  },
  "original_language": "en",
  "account": "The Los Angeles Lakers are set to be sold for a staggering $12.5 billion, marking the highest price ever paid for an NBA franchise. This record-breaking deal comes just a year after Mark Walter acquired a majority stake in the team. The new owners, Josh Kushner and Bob Iger, are set to take control of this iconic sports organization. Kushner, brother of Donald Trump's daughter-in-law Jared, is teaming up with Bob Iger, the former CEO of Disney. Walter had previously purchased his stake from the Buss family for an estimated $10 billion, previously the highest price ever paid for an NBA team. This latest acquisition was unanimously approved by the NBA Board of Governors in October 2025. In a joint statement, Kushner and Iger expressed their excitement about taking on the mantle of stewardship for the Los Angeles Lakers, one of the most revered franchises in sports history. They emphasized their deep respect for the Buss family's leadership and vision, and their commitment to building upon this foundation to compete at the highest level and serve the team, its fans, and the city of Los Angeles.",
  "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}