Los Angeles Lakers Majority Ownership Sold for $12.5 Billion in Rapid Resale
The Los Angeles Lakers' majority ownership has been sold for $12.5 billion to Bob Iger and Josh Kushner, marking a rapid resale just 14 months after the previous transaction.
New York, NY, August 13, 2026 —
The majority ownership of the iconic Los Angeles Lakers has been sold for an astounding $12.5 billion. The deal, which involves buyers Bob Iger and Josh Kushner, represents a swift resale of the NBA franchise.
This transaction occurs just 14 months after the previous ownership change, highlighting a rapid turnaround in the team’s ownership status. Details regarding the specific terms of the sale beyond the valuation were not immediately available.
The Los Angeles Lakers are one of the most storied franchises in the National Basketball Association, with a rich history of championships and star players. The team’s market value has consistently ranked among the highest in professional sports.
Bob Iger is widely recognized for his tenure as CEO of The Walt Disney Company. Josh Kushner is a prominent venture capitalist and the co-founder of Thrive Capital. The involvement of these figures in acquiring a majority stake in the Lakers signals significant investment interest in the sports industry.
The previous transaction involving the Lakers’ ownership took place approximately 14 months prior to this most recent sale. The rapid pace of this resale suggests a dynamic market for high-profile sports assets. Further details on the seller or the specific timeline of negotiations were not provided.
Story summarized from the original created by Khobi Price on nypost.com, see more information here.