Los Angeles Lakers sale: Mark Walter agrees record-breaking £9bn deal to sell franchise to Josh Kushner and Bob Iger
- Posted on August 12, 2026
- By Sky Sport
- 2 Views
- 1 min read
In brief
In a remarkable reversal just over a year after his initial acquisition, Mark Walter has orchestrated the sale of the Los Angeles Lakers franchise for £9 billion, establishing a new record valuation in professional sports. The transaction brings together entertainment mogul Bob Iger and investor Josh Kushner as the new ownership team. This swift resale marks a significant shift in basketball's most prestigious franchises, reflecting evolving market dynamics and strategic repositioning among elite sports investors.
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Los Angeles Lakers sale: Mark Walter agrees record-breaking £9bn deal to sell franchise to Josh Kushner and Bob Iger
The Los Angeles Lakers are being sold in a record-breaking deal worth £9bn; Chelsea co-owner Mark Walter sells the franchise just 14 months after buying it for a then-record $10bn (£7.4bn); the buyers are Bob Iger and Josh Kushner, brother of Donald Trumps son-in-law
