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Record-breaking $12.5 billion deal for Lakers comes just months after previous sale

  • Posted on August 12, 2026
  • By Washington Post
  • 1 Views
  • 1 min read
In brief

The Los Angeles Lakers have reached a historic milestone with a record-breaking $12.5 billion acquisition by an investment group led by Josh Kushner and Bob Iger. This unprecedented valuation represents a significant leap in sports franchise valuations and comes surprisingly soon after the team's previous ownership transition. The deal underscores the growing financial power of entertainment moguls and tech investors in professional sports, highlighting the Lakers' continued status as one of the most valuable franchises in global athletics.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Record-breaking $12.5 billion deal for Lakers comes just months after previous sale
Record-breaking $12.5 billion deal for Lakers comes just months after previous sale

The Los Angeles basketball team has been sold to a group reportedly led by Josh Kushner and Bob Iger.
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Author
Washington Post

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