Report: Iger, Kushner in Deal to Acquire Los Angeles Lakers for $12.5 Billion
Bob Iger and Josh Kushner are reportedly buying the Los Angeles Lakers for $12.5 billion, a record-breaking price for an NBA franchise. The sale is subject to NBA approval.
Hartford & New Haven, CT, August 12, 2026 —
Disney CEO Bob Iger and Thrive Capital co-founder Josh Kushner are reportedly nearing a deal to purchase the Los Angeles Lakers, according to recent reports. The proposed acquisition price is an NBA record $12.5 billion.
The transaction, if finalized, would represent a significant shift in ownership for one of the league’s most storied franchises. The $12.5 billion valuation would set a new benchmark for professional basketball team sales.
The reported deal is subject to approval from the National Basketball Association (NBA). League approval processes typically involve a review of potential owners and their financial standing to ensure the stability and integrity of the franchise.
Details regarding the specific terms of the agreement beyond the reported purchase price were not immediately available. The roles of Iger and Kushner in the future management of the Lakers, as well as the timeline for the sale’s completion, are also not yet public.
Neither Bob Iger nor Josh Kushner, nor representatives for the Lakers or the NBA, have officially confirmed the reported agreement. Further information is expected pending the outcome of the NBA’s review process.
Story summarized from the original created by Dorothy Sedovic on www.wfsb.com, see more information here.