Lakers being bought by ex-Disney chief and US businessman Josh Kushner

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleFormer Disney executive Bob Iger (pictured) and American businessman Josh Kushner are purchasing the Los Angeles Lakers for a record-breaking price of $12.5 billion, according to ESPN (Getty Images)American businessman Josh Kushner and former Disney executive Bob Iger are purchasing a controlling interest in the Los Angeles Lakers for a record-breaking $12.5 billion, according to ESPN. The duo acquired the majority stake from TWG Global CEO Mark Walter, who previously purchased controlling interest from the Buss family for $10 billion in October 2025. In a joint statement, Kushner and Iger expressed immense honor at becoming stewards of the iconic franchise, pledging a long-term commitment to compete at the highest level and serve the city of Los Angeles. Prior to securing the Lakers purchase, Kushner—the younger brother of President Donald Trump's son-in-law Jared Kushner—and Iger were involved in an expansion effort to bring an NBA team to Las Vegas. The historic transaction marks an unprecedented valuation for the 17-time NBA champion franchise, which was originally bought by the late Jerry Buss in 1979 for $67.5 million. In fullEx-Disney head Bob Iger partners with Josh Kushner to buy Los Angeles Lakers for a staggering $12.5 billionMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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