Lakers sold for record $12 billion

Los Angeles Lakers are set for a monumental ownership change after Josh Kushner and Bob Iger agreed to purchase the franchise for more than $12 billion, a record valuation in American sports. According to ESPN, the two investors shifted focus from the NBA’s Las Vegas expansion bid to launch an aggressive offer that convinced current owner Mark Walter to sell. Walter, who took majority control less than a year ago, oversees TWG Global, a sports empire spanning the Dodgers, Sparks, Chelsea and multiple motorsport projects.

Kushner, 41, is a leading tech investor and founder of Thrive Capital, with a strong track record in high‑growth companies including Oscar Health. Iger, 75, remains one of entertainment’s most influential executives, having transformed Disney through landmark acquisitions and the launch of Disney+.

If finalized, the deal places one of global sport’s most powerful brands in new hands, underscoring the NBA’s booming economic trajectory.