Los Angeles Lakers Sold for Record $12.5 Billion, Potentially Impacting Las Vegas Expansion Team Costs
The Los Angeles Lakers have been sold for a record $12.5 billion valuation to Bob Iger and Joshua Kushner, a sale that may indicate the high cost of a future NBA expansion team in Las Vegas.
New York, NY, August 12, 2026 —
The Los Angeles Lakers have reportedly been sold in a transaction that values the franchise at a record-breaking $12.5 billion. The new ownership group includes Bob Iger and Joshua Kushner.
This significant valuation for the storied NBA franchise may provide insight into the potential costs associated with future NBA expansion, particularly concerning a possible new team in Las Vegas. The reported sale price sets a new benchmark for professional sports franchises.
Details regarding the specifics of the transaction, including the full composition of the ownership group and the timeline for the sale’s finalization, were not immediately available. The name of the seller or sellers was also not provided in the information available.
The NBA has previously explored expansion possibilities, with Las Vegas frequently mentioned as a strong candidate city. The record valuation of the Lakers suggests that any potential expansion fee for a new team, should the league decide to expand, could be substantial, reflecting the current market value of established franchises.
Neither Bob Iger nor Joshua Kushner have publicly commented on the reported sale at this time. The NBA has not issued an official statement confirming or denying the transaction.
Story summarized from the original created by Ryan Anderson on nypost.com, see more information here.
