LA Lakers sell for a record $12 billion to ex-Disney CEO Iger and Jared Kushner’s brother Josh
- Posted on August 12, 2026
- By CNN
- 1 Views
- 1 min read
In brief
In a historic acquisition, former Disney Chief Executive Bob Iger and investor Josh Kushner have secured ownership of the Los Angeles Lakers for $12 billion, setting a new valuation record for the franchise. This landmark deal represents one of the most significant sports team transactions in American history, bringing together entertainment industry expertise and venture capital investment to helm one of basketball's most storied organizations.
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LA Lakers sell for a record $12 billion to ex-Disney CEO Iger and Jared Kushner’s brother Josh
Former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers.
