Camille Naredo

A detailed view of a Los Angeles Lakers logo on the court before the game against the Golden State Warriors at Crypto.com Arena on October 21, 2025 in Los Angeles, California.

LOS ANGELES, CALIFORNIA - OCTOBER 21: A detailed view of a Los Angeles Lakers logo on the court before the game against the Golden State Warriors at Crypto.com Arena on October 21, 2025 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.   Luke Hales/Getty Images/AFP (Photo by Luke Hales / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Article (news)

Golden State Warriors v Los Angeles Lakers

Reuters Wires

<p>Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday (August 12).</p><p>Billionaire Mark Walter purchased a majority stake in the NBA team last year in a deal that valued the club at $10 billion, with the deal only having been approved by the board of governors in October.</p><div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/sports/basketball/2026/8/13/nba-los-angeles-lakers-to-be-sold-for-12-5-b-espn-0021">READ: Los Angeles Lakers to be sold for reported $12.5-B</a></div><p>Walter&#x27;s financial empire faces a federal probe, according to reports last month, examining links between investments held by his insurers and affiliates. Walter is also the owner of Major League Baseball&#x27;s Los Angeles Dodgers.</p><p>&quot;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,&quot; Iger and Kushner said in a statement.</p><p>&quot;We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.&quot;</p><p>The two businessmen had previously been tied to a potential expansion NBA team in Las Vegas but seemingly ended that campaign with Wednesday&#x27;s news, which stunned fans and industry experts.</p><div><strong>(Camera: Arafat Barbakh, Production: Matt Silverstein, Suheir Sheikh Editing: Suheir Sheikh, Writing: Amy Tennery, Echo Wang, Lisa Richwine and Rory Carroll)</strong></div>

<p>Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter.</p>

Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter.

Experts say record Lakers sale reflects soaring sports franchise values

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Experts say record Lakers sale reflects soaring sports franchise values

Reuters

Published August 15, 2026 07:00 AM PHT

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basketball

NBA

Los Angeles Lakers

Mark Walter

Joshua Kushner

Bob Iger

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