The Los Angeles Lakers franchise is undergoing a change in ownership as Josh Kushner and Bob Iger, the former chief executive of Disney, have agreed to purchase controlling interest in the storied NBA team for approximately $12.5 billion. This transaction marks a record price for the acquisition of a sports franchise and represents a significant shift in stewardship of one of professional basketball’s most recognizable organizations.
Kushner, whose brother-in-law is connected to the current U.S. presidential administration, and Iger released a joint statement expressing their enthusiasm for the opportunity to lead the franchise. Both emphasized their long-standing commitment to basketball and their respect for the Buss family legacy. They outlined intentions to maintain competitive excellence while serving the team’s fan base and the broader Los Angeles community. Mark Walter, who had previously acquired majority ownership of the Lakers, released remarks acknowledging the honor of his tenure and expressing confidence in the new ownership structure.
The transaction occurs in a broader context of Lakers franchise history. Jerry Buss originally purchased the organization in 1979 for $67.5 million alongside the Kings hockey franchise and an arena facility. Following Buss’s death in 2013, ownership transferred to his six children through a trust arrangement before Walter’s acquisition took place in October 2025. Walter’s prior stake had itself set a record valuation at the time of his purchase.
The team’s roster has experienced recent changes, with NBA scoring leader LeBron James departing to join the Philadelphia 76ers during the offseason. This departure positioned Luka Doncic, who joined the Lakers from the Dallas Mavericks in February 2025, as the franchise’s primary star player. Doncic responded positively to the ownership transition through a social media statement, expressing optimism about the organization’s potential under new leadership.
The Lakers currently hold 17 NBA championship titles, positioning them one title behind the Boston Celtics in historical championship counts.
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