Lakers Sell to Bob Iger, Josh Kushner for $12 Billion

By Ethan Shanfeld

Ethan Shanfeld

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Bob Iger and Josh Kushner are buying the Los Angeles Lakers.

The deal values the NBA team at more than $12 billion, sources told ESPN and The New York Times. The purchase, from the former Disney CEO and the Thrive Capital founder, comes just 14 months after the Lakers sold to Mark Walter at a $10 billion valuation.

“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Iger and Kushner said in a statement to the Times. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”

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