Los Angeles Lakers Sold for Record $12.5 Billion

Aug 12, 2026

64 min

Aug 12, 2026 15:30

Los Angeles Lakers to be sold to Josh Kushner, Bob Iger for record $12.5 billion

## Historic Sale of the Lakers

The Los Angeles Lakers, one of the most prestigious teams in the NBA, are set to change ownership in a landmark deal. Businessmen Josh Kushner and Bob Iger are purchasing the franchise for an unprecedented $12.5 billion. This transaction marks the second major sale of the team in a year.

## Details of the Transaction

The sale was initially reported by ESPN and confirmed by a source familiar with the deal. The agreement, however, still requires approval from the NBA's board of governors, which could take several weeks. The next board meeting is scheduled for next month in New York.

## Rising Franchise Values

This sale highlights the rapid increase in NBA franchise valuations. Just last year, the Lakers were valued at $10 billion when Mark Walter acquired a controlling interest from the Buss family. In comparison, Michael Jordan sold his stake in the Charlotte Hornets for $3 billion three years ago, and the Boston Celtics were valued at over $6 billion last year.

## Implications for Expansion

Kushner and Iger had previously been involved in efforts to secure an expansion team for Las Vegas. By acquiring the Lakers, they bypass the need to wait for potential expansion, which might occur in the 2028-29 season.

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