Bob Iger and Josh Kushner Reportedly Set to Acquire Los Angeles Lakers for Record $12 Billion
ESPN reports that American businessmen Bob Iger and Josh Kushner are in the process of purchasing the Lakers for a reported $12 billion, setting a new record for such a transaction.
Raleigh Durham, NC, August 12, 2026 —
American businessmen Bob Iger and Josh Kushner are reportedly nearing a deal to purchase the Los Angeles Lakers basketball franchise for an estimated $12 billion, a figure that would represent a record-breaking transaction for a sports team. The news was initially reported by ESPN, highlighting the significant financial milestone this potential acquisition could achieve.
The specifics of the deal, including the exact timeline for its finalization and the precise roles of both Iger and Kushner in the ownership structure, have not yet been fully disclosed. Bob Iger, currently the executive chairman of The Walt Disney Company, brings a wealth of experience in media and entertainment, while Josh Kushner is a prominent venture capitalist and founder of Thrive Capital.
If the reported $12 billion valuation holds, this acquisition would surpass all previous records for sports team sales globally. The Lakers, one of the most storied franchises in the National Basketball Association (NBA), have a rich history of success and a strong international following, factors that contribute to their high market value.
Further details regarding the current ownership group and the negotiation process are expected to emerge as the transaction progresses. The potential sale is subject to league approval, as is customary for any change in NBA team ownership.
Story summarized from the original created by ESPN on abc7ny.com, see more information here.
