Bob Iger, former CEO of the Walt Disney Company, and Joshua Kushner, founder of Thrive Capital, have purchased the Los Angeles Lakers. The duo agreed on a record-setting fee of $12.5 billion, as confirmed to CBS LA. This marks the second time in a year the iconic NBA team has changed hands.
Iger and Kushner expressed their excitement in a joint statement, emphasizing their respect for the Lakers’ history. They aim to build on the contributions of Jerry and Jeanie Buss, focusing on excellence and offering top-tier competition.
Just 14 months prior, Mark Walter of Guggenheim Partners bought the majority stake for approximately $10 billion from the Buss family. Jeanie Buss remains uncertain in her future role with the team.
This transaction exceeds the previous record set by the Boston Celtics’ $6.1 billion sale. It’s also Iger’s second venture in sports, following his purchase of LA’s Angel City FC in 2024. Kushner, related to high-profile figures, acquired a minority stake in the Miami Heat previously.
The deal coincides with the NBA’s plans to expand with teams in Seattle and Las Vegas, possibly increasing the total to 32 franchises.
On the court, the Lakers are looking forward to a new chapter. Luka Doncic, a standout guard acquired from the Dallas Mavericks in 2025, has signed a contract extension. Meanwhile, the team faces the departure of LeBron James, who has signed with the Philadelphia 76ers.