Lakers’ reported $12.5 billion sale: what we know
Joshua Kushner and Bob Iger are reportedly leading a record $12.5 billion purchase of the Los Angeles Lakers.
What was reported
Reuters reported on August 13 that a consortium was preparing to purchase the Lakers for $12.5 billion. Reports identify Joshua Kushner and former Disney chief Bob Iger as the leading buyers.
The headline figure describes the reported value of the transaction or franchise. Final ownership still depends on closing conditions and the league's approval process.
Why the price is remarkable
The Lakers combine global recognition, a large media market, championship history, star power, sponsorships, merchandise, and long-term media rights potential. Scarcity also matters: iconic professional teams rarely become available.
A $12.5 billion valuation would raise expectations for other major-market NBA franchises, although every team's ownership structure, arena economics, debt, and commercial rights differ.
Who are the reported buyers?
Joshua Kushner is the founder of venture-capital firm Thrive Capital. Bob Iger led Disney and has extensive experience in entertainment, television, streaming, and major media rights.
Their involvement links capital and media expertise—two increasingly important parts of modern sports ownership—but the group's complete structure and operational plans may not be known until formal disclosures are made.
What happens next
Major NBA ownership changes are reviewed by the league and require formal approval. Financing, governance, minority stakes, and closing conditions can also affect timing.
Until the transaction closes, readers should distinguish confirmed league announcements from reports based on people familiar with negotiations. This page will be updated if material details change.
Frequently asked questions
Has the Lakers sale officially closed?
Reports describe a deal that is set or being prepared. A final transfer requires closing steps and NBA approval.
Is $12.5 billion a record?
Reports describe it as a record-setting professional sports transaction or valuation.
Will the team move?
There is no credible indication in the cited reporting that the Lakers would leave Los Angeles.
Sources
Primary and official references used for this guide:
Published August 13, 2026 · Reviewed for clarity and source accuracy.